Reason for Nomination and Expected Role of Directors

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As of June 2024

Kinya Seto

Director

Mr. Seto, possesses abundant experience and broad knowledge as a manager at numerous companies, and since assuming the position of Representative Executive Officer of the Company, in line with the “LIXIL Playbook,” which sets out our management direction, has taken measures for structural reform and to improve profitability, and shown strong leadership. He has widely overseen the business operations of LIXIL and its group companies (the “LIXIL group”), and has contributed to improving the effectiveness of the Board of Directors in both supervision and execution by fulfilling his duty of explanation to the Board of Directors while participating in important decision-making processes as Director. He is expected to continue to fulfill the role of connecting the Board of Directors with the executive side as a Director who concurrently serves as Representative Executive Officer, President, and Chief Executive Officer.

Jin Song Montesano

Director

Ms. Montesano has abundant experience and knowledge in the main areas of the LIXIL group, such as supervising communication and engagements with both internal and external stakeholders of the LIXIL group as Representative Executive Officer and Executive Vice President in charge of Human Resources, Communications, External Affairs, Impact Strategy and Chief People Officer as well as leading the implementation of corporate-wide personnel measures, and others. She has widely overseen the business operations of the LIXIL group, and has contributed to improving the effectiveness of the Board of Directors in both supervision and execution by fulfilling her duty of explanation to the Board of Directors while participating in important decision-making processes as Director. She is expected to continue to fulfill the role of connecting the Board of Directors with the executive side as a Director who concurrently serves as Representative Executive Officer, Executive Vice President and CPO.

Jun Aoki

Outside Director

As a first-class architect, Mr. Aoki has extensive industry experience and knowledge concerning urban planning, buildings, and building materials, etc. Moreover, in addition to being central to human resources and organizational innovations and contributing to the enhancement of human resources development, corporate culture reforms, and promotion of diversity as the Chief People Officer of a listed company, he has management experience at a listed company with global business. At the Company, he has contributed to improving supervisory functions, particularly by using his expertise on personnel and organizational management to proactively comment at Board of Directors’ Meetings, as well as by providing important perspectives on the discovery of issues and understanding of risks, etc. as a member of the Nomination Committee and Compensation Committee. As Outside Director of the Company, he is expected to continue to contribute to the improvement of the effectiveness of the Board of Directors and the committees.

Shigeki Ishizuka

Outside Director

In addition to having management experience at a listed company with global business, with a background in engineering, Mr. Ishizuka has deep knowledge of IT and digital technology, manufacturing technology, quality management, and marketing etc. At the Company, he has contributed to improving supervisory functions by using his management experience and extensive knowledge of manufacturing and technology development to proactively comment at Board of Directors’ Meetings, as well as by providing important perspectives on IT and digital technology, quality management, and understanding of risks, etc. as a member of the Audit Committee. As Outside Director of the Company, he is expected to continue to contribute to the improvement of the effectiveness of the Board of Directors and the committees.

Ryusuke Ohori

Outside Director

Mr. Ohori has abundant experience as an analyst at a major financial institution and investment officer at an overseas asset management company, as well as broad knowledge of financial and market analysis and risk management. He also has broad knowledge of information disclosure at companies, having acted as executive director of an organization that promotes dialogue between investors and companies, and having served on a research committee for information disclosure organized by a government institution. We have determined that Mr. Ohori’s expected contribution to improving the transparency of management through dialogue with investors, and supervising management by taking the viewpoint of investors, based on his experience and knowledge will enable him to fulfill his duties as an Outside Director of the Company. By newly appointing him as Director, he is expected to contribute to the improvement of the effectiveness of the Board of Directors and the committees.

Shiho Konno

Outside Director

As a lawyer, an expert in law, Ms. Konno has deep knowledge of corporate governance and diversity gained through law practice. Although she has no direct experience in corporate business execution, based on her deep knowledge of corporate governance and diversity and inclusion, as well as her experience as an outside director of a number of listed companies, the Company believes that she will continue to be able to perform her duties as Outside Director of the Company. At the Company, she has contributed to improving supervisory functions by using this experience and knowledge to proactively comment at Board of Directors’ Meetings, as well as by providing important perspectives on the discovery of issues and understanding of risks, etc., particularly by utilizing her expertise in legal and compliance matters as a member of the Audit Committee. As Outside Director of the Company, she is expected to continue to contribute to the improvement of the effectiveness of the Board of Directors and the committees.

Mayumi Tamura

Outside Director

Ms. Tamura has served as CFO at multiple global companies, has been involved in management planning and M&A, and also has deep knowledge of finance and accounting. She has served as an outside director of a number of listed companies, and also has knowledge of corporate governance and diversity and inclusion. At the Company, she has contributed to improving supervisory functions by using this experience and knowledge to proactively comment at Board of Directors’ Meetings, as well as by providing important perspectives on the discovery of issues and understanding of risks, etc., particularly by using her finance and accounting expertise as a member of the Audit Committee. As Outside Director of the Company, she is expected to continue to contribute to the improvement of the effectiveness of the Board of Directors and the committees.

Yuji Nishiura

Outside Director

Mr. Nishiura is a management professional who has been involved in a number of corporate restructuring matters, and has broad and deep knowledge of corporate management including financial analysis, M&A, risk management, and marketing, etc. Since assuming the position of Outside Director of the Company, he has used this experience and knowledge to lead the improvement of the effectiveness of the Board of Directors, and as Chairperson of the Nomination Committee, he has actively conducted meetings with the executive management team including the Executive Officers and has led in the clarification of the authorities of the Nomination Committee and the planning and promotion of a highly transparent process for determining director and executive officer candidates. As Outside Director of the Company, he is expected to continue to contribute to the improvement of the effectiveness of the Board of Directors and the committees.

Daisuke Hamaguchi

Outside Director

Mr. Hamaguchi has deep knowledge of risk management and financial analysis from his many years of experience as a corporate pension management executive, and also possesses knowledge of overseas business as a result of having served as the president of a foreign company. He has also served as a member of review committees for corporate law and corporate governance at government institutions, and so has expertise in these fields. Since assuming the position of Outside Director of the Company, he has used this experience and knowledge to proactively make comments reflecting the perspectives of stakeholders, etc. at Board of Directors’ Meetings to contribute to the improvement of the effectiveness of the Board of Directors. In addition, as Chairperson of the Audit Committee, he has led efforts to ensure the effectiveness of the Lixil group’s audits. As Outside Director of the Company, he is expected to continue to contribute to the improvement of the effectiveness of the Board of Directors and the committees.

Mariko Watahiki

Outside Director

Ms. Watahiki has a long career as a judge and has been involved in resolving many civil cases, including corporate legal affairs, and administrative and labor issues. In addition, she also has a track record and knowledge of being involved in organizational management, including thorough compliance and governance, personnel management and human resource development, and crisis management by serving as the chief judge of several high courts. After retiring as a judge, Ms. Watahiki served as chairperson, etc. of several private organizations’ third-party committees where she contributed to improving compliance and governance. Although she has no direct experience in corporate business execution, based on her practical experience in handling many cases as a judge and operating an organization as the chief judge of high courts, the Company believes that she will continue to be able to perform her duties as Outside Director of the Company. At the company, she has used this experience and knowledge to proactively comment at Board of Directors’ Meetings, and as Chairperson of the Compensation Committee, she led the establishment of the officer compensation system, etc. As Outside Director of the Company, she is expected to continue to contribute to the improvement of the effectiveness of the Board of Directors and the committees.

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