Source disclosure: February 25, 2026, 16:00 JST
Foster Electric Company,Limited [6794.T]
TOKYO, Feb 25 (Pulse News Wire) -- Foster Electric Company, Limited (6794.T), announced today that it will transition to becoming a company with an audit committee as of June 2026, subject to approval by its 92nd Ordinary Shareholders' Meeting scheduled for late June this year. The board of directors made decisions regarding personnel changes related to this transition during a meeting held on February 25th. However, formal appointments for certain positions will be finalized after the shareholders' meeting and subsequent board and audit committee meetings later in June.
The company plans several new appointments and role adjustments effective from April 1st and June 2026. Among these, Moriimoto Mikiyo is proposed as a new external director candidate. Additionally, Koyama Yasuhide, currently serving as, will take over the position of while also retaining his responsibilities as Asia head. Meanwhile, Matsumoto Makoto, who has served as an external director, will retire.
Regarding the roles of directors responsible for auditing duties, there will be no change in their status but rather a renaming of titles. For instance, Tanaka Tatsuo, previously known as, will now be referred to as. Similarly, Kimura Satoshi, Daikou Yuiko, and Nomura Yuki will all see their titles adjusted to reflect their ongoing roles as external directors with auditing responsibilities.
In terms of executive officers, Nguyen Quan Hoang, currently the chairman of Foster Electric Vietnam Co., Ltd., will move up to become an upper-level executive officer (non-executive). Tan Kaihai, director and general manager of Foster Electric Hong Kong Ltd., will also advance to an upper-level executive officer (non-executive). Michael P. McGowan, president of Foster Electric USA Inc., will retain his position as an executive officer (non-executive). Jin Jingyu, managing director of ESTec Corporation, will continue in his role as an executive officer (non-executive).
Foster Electric's leadership structure post-shareholder meeting includes a lineup of key figures such as CEO and Representative Director Kishi Kazuhisa, CFO and Vice President Wakahashi Akihito, Executive Director Sanpu Hiroki, and others. The company’s governance framework will feature a mix of internal and external directors, ensuring diverse perspectives and robust oversight mechanisms.
AI-translated content. 🟡 Confidence: Standard See terms • Original filing