SATO Appoints Ryutaro Kotaki as President and CEO

2/9/2018

Tokyo, February 9, 2018 – SATO Holdings Corporation (TOKYO:6287) announced changes to its corporate leadership effective April 1, 2018 following a resolution at the Board of Directors’ meeting today. Ryutaro Kotaki was appointed President and CEO, replacing current President and CEO, Kaz Matsuyama. Also announced were candidates for Directors and Audit & Supervisory Board members to be nominated for a resolution at the Annual Shareholders’ meeting slated for June 25, 2018.

Kaz Matsuyama will retire from the Director position and be appointed Executive Advisor following the closure of the Annual Shareholders’ meeting scheduled on June 25, 2018.

Kaz Matsuyama said: “Since taking the helm of President and CEO at SATO Holdings in October 2011, I have made every effort to globalize our business and maximize customer value under our vision of being the leader and most trusted company in the Auto-ID solutions industry worldwide. Upon broadly redefining ourselves as a company that bridges the last inch of customers’ last mile challenges by connecting data to objects and people, I have strived to make strategic partnerships and innovations to meet that end. We have made investments for sustainable growth around new opportunities such as our Materials business. At the same time, based on the belief that corporate values are inseparable from how we conduct business, I have endeavored to nurture talent across the Group.”

He continued, “Ryutaro Kotaki, current Executive Vice President and COO, who has been guiding the SATO Group in unison with me since 2016, has powerfully driven growth of our Japan business with Auto-ID solutions best suited for customers enabled by our on-site, hands-on approach, which we call Genbaryoku. As technical innovations around us rapidly affect the workplaces of our customers, this offers us huge opportunities to thrive under our core competence of Genbaryoku. It is at this point I have made the decision to hand over the helm. I firmly believe that Ryutaro, through his leadership, will take the SATO Group to new heights by leveraging on the success achieved in our Japan business to enhance synergies with our growth pillars of the Overseas and Materials businesses. I would like to take this opportunity to express my sincere gratitude for all your wonderful support and friendship during my tenure, and hope you would kindly extend the same to my successor, Ryutaro Kotaki.”

Reference

SATO Holdings leadership changes

Name

Current position

New position

Kazuo Matsuyama

President and CEO

Director

Ryutaro Kotaki

Executive Vice President and COO, President of SATO Corporation

President and CEO, President of SATO Corporation

 Candidates for Directors (reappointments)

Name

Current position

Ryutaro Kotaki

Executive Vice President and COO, and President of SATO Corporation

(to be appointed President and CEO, and President of SATO Corporation effective April 1, 2018)

Koichi Nishida

Director

Ikuo Dobashi

Director

Tatsuo Narumi

Director

Ken Suzuki

Director (External)

Yuko Tanaka

Director (External)

Ryoji Itoh

Director (External)

Mitsuaki Shimaguchi

Director (External)

Hideo Yamada

Director (External)

Chieko Matsuda

Director (External)

New appointment

Name

Current position

New position

Yoichi Abe

Executive Officer and CFO

Director and CFO

Background of Yoichi Abe

Yoichi joined Mitsubishi Corporation in April 1980, serving as CFO of subsidiaries and as assistant to President. He has 14 years of professional experience overseas (six years in the USA, four in Australia and four in South Korea). In December 2013, he joined SATO Holdings Corporation as Head of the President’s Office and was appointed Executive Officer and CFO in April 2016. 

Director to retire

Name

Current position

Kazuo Matsuyama

President and CEO*

*To remain as Executive Advisor

Candidates for Audit & Supervisory Board

Name

Current position

Nobuhiro Yokoi*

Audit & Supervisory Board member

Junichi Nagakura**

Audit & Supervisory Board member

Takao Yamaguchi**

Audit & Supervisory Board member (External)

Noriko Yao**

Audit & Supervisory Board member (External)

*Reappointment

**Not subject to re-election in fiscal 2018

 About SATO

SATO (TOKYO:6287) bridges the last inch of the last mile for customers by integrating Auto-ID technologies and revolutionary materials to tag and track items, ensuring inventory visibility for improved user experience and business results. Engineering solutions that unleash the power of IoT, SATO provides value to customers in the form of accuracy, sustainability, labor and resource savings, reassurance and emotional connections. For the fiscal year ended March 31, 2017, it reported revenues of JPY 106,302 million (US $980 million*). More information about SATO can be found at www.satoworldwide.com or on linkedin and twitter.

*Conversion is based on an average exchange rate of 1 US Dollar = 108.34 Japanese Yen




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