News
NEC Electronics and Renesas Announce New Executive Team Following Merger
NEC Electronics Corporation and Renesas Technology Corp. (Renesas Technology) today announced candidates of the executive team that will be in place following the business integration (the "Business Integration" or the "Merger") on April 1, 2010 (scheduled). All candidates of the new executive team at the new integrated company, to be called Renesas Electronics Corporation.
Susumu Furukawa, who is well-versed in the high-tech field and has extensive experience in global business, has been newly appointed to take the role of the remaining outside director position of Renesas Electronics Corporation, effective as of April 1, 2010. Please see Exhibit 2 for a brief biography of the newly appointed outside director, Mr. Furukawa.
NEC Electronics and Renesas Technology also announced their plan to consolidate the companies' domestic sales operations into Renesas Technology Sales Co., Ltd., whose name will change to Renesas Electronics Sales Co., Ltd. in accordance with the Merger. Please see Exhibit 3 for a list of the newly appointed executives of Renesas Electronics Sales Co., Ltd., scheduled to launch April 1, 2010.