Elpida Memory Selects New Management Team
Former President of UMC Japan to Lead Elpida's Worldwide Presence
TOKYO, JAPAN, November 1, 2002 - Elpida Memory, Inc. (Elpida), announced today that, Yukio Sakamoto, former president of UMC Japan, has taken the role as Elpida's president. Kenji Tokuyama resigned the company's president after having successfully completed his three-year term.
Yukio Sakamoto, whose hometown in Gunma Prefecture, had served as president of UMC Japan since 2000, theretofore had served as director and vice president at Texas Instruments Japan.
"It will be a great experience to lead Japan's premier DRAM company," said Yukio Sakamoto, newly appointed president of Elpida Memory, Inc. "Elpida is a DRAM technology leader with strong customer relationship, and I look forward to the challenges and successes."
In light of recent business conditions, both parent companies agreed to select a candidate outside from parent companies.
"Elpida's new management was deliberately selected from outside either of the parent companies as part of a strategic decision to empower the company to focus on its own DRAM business," said Kaoru Tosaka, Member of the Board of NEC Corporation, President of NEC Electronics Corporation. "This will enable Elpida to respond to customer and market demands in a way that allows the company to flourish as a global DRAM leader."
"Elpida has proven its ability to successfully operate independently during the past two years, in spite of difficult market conditions," said Satoru Ito, Senior Corporate Officer, President & Chief Executive Officer of Semiconductor & Integrated Circuits, Hitachi, Ltd.. "We believe that Elpida's new management and recently announced partnerships will provide Elpida with an even stronger competitive advantage in the DRAM market."
And in addition to the appointment, Elpida, decided to introduce "Officer system" to strengthen clear differences between management liabilities and operational responsibilities.
About Elpida Memory, Inc.
Elpida Memory, Inc. is a technology leader in Dynamic Random Access Memory (DRAM) with headquarters based in Tokyo, Japan. It's sales and marketing operations located in Japan, North America, Europe and Asia. Elpida offers a broad range of leading-edge DRAM products including RDRAM®, SDRAM, DDR SDRAM, Mobile RAM and Consumer SDRAM. Device densities currently range up to 512 Megabits each, and Module (DIMM) densities range up to 2 Gigabytes each. Elpida offers a variety of standard and high performance packaging techniques, including TSOP, BGA, FBGA, Tape Carrier Package (TCP), and Double Density Package (DDP). Elpida's research, design and development operations began as a joint venture between NEC and Hitachi on April 1, 2000 and sales and marketing operations commenced in Q1, 2001. In October 2002, Elpida announced the integration of Mitsubishi's DRAM and the alliance with PSC. Elpida's main DRAM foundries are NEC Hiroshima and Hitachi Nippon Steel Semiconductor Singapore Pte. Ltd. Elpida's own 300 mm DRAM wafer manufacturing facility is scheduled to begin production by January 2003.
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Elpida Memory Announced Executive Personnel Changes
| Title | Name | Acting Title |
|---|---|---|
| President, Representative Board of Director |
Yukio Sakamoto | Consultant, UMC |
| Executive Vice President Board of Director |
Tokumasa Yasui | |
| Board of Director (Non-Resident) |
Satoru Ito | Senior Corporate Officer and President & Chief Executive Officer of Semiconductor & Integrated Circuits, Hitachi, Ltd. |
| Board of Director (Non-Resident) |
Kaoru Tosaka | Member of the Board of NEC Corporation, President of NEC Electronics Corporation |
| Board of Director (Non-Resident) |
Kyoji Yamamoto | Executive Vice President and Member of the Board, NEC Electronics Corporation |
| Auditor | Akira Yukawa | |
| Auditor (Non-Resident) |
Ichiro Kanomata | Department Manager, Memory & Multi Purpose Semiconductor Product accounting Controls Dept., Semiconductor & Integrated Circuits, Hitachi, Ltd. |
| Auditor (Non-Resident) |
Kenji Seo | General Manager Affiliated Company Division, NEC Corporation |
| Officer | Hidemori Inukai | |
| Officer | Yasukazu Inoue | |
| Officer | Yukio Udono | |
| Officer | Shuichi Otsuka | |
| Officer | Shinji Shimizu |
Information in this news release is current as of the timing of the release, but may be revised later without notice.