Matsushita Announces Proposed Senior Management Changes

Matsushita Electric Industrial Co., Ltd. (Matsushita (NYSE:MC)), best known for its Panasonic brand, today announced the following changes of the members of the Board of Directors and Executive Officers, effective April 1, 2008, and proposed changes of the members of the Board of Directors and Corporate Auditors, effective June 26, 2008. These proposed changes will be submitted for and subject to approval at the company’s ordinary general meeting of shareholders to be held on June 26, 2008.   1. Members of the Board of Directors (Effective April 1)   Title   Name   New Responsibilities Chairman of the Board Kunio Nakamura   Vice Chairman of the Board Masayuki Matsushita   President Fumio Ohtsubo   Executive Vice Presidents Takami Sano Representative in Tokyo Susumu Koike In charge of Technology and Semiconductor Company Shunzo Ushimaru In charge of Domestic Consumer Marketing, Electrical Supplies Sales, Project Sales, Building Products Sales, Advertising and Design / Chairman, Corporate Brand Committee   Koshi Kitadai (promoted) In charge of Automotive Electronics Business, Panasonic EV Energy Co., Ltd. and Industrial Sales Senior Managing Directors   Toshihiro Sakamoto   President, Panasonic AVC Networks Company Takahiro Mori (promoted) In charge of Planning / Associate Director, Corporate IT Innovation Division / in charge of Panasonic Start-up Fund / Vice Chairman, Corporate Brand Committee Shinichi Fukushima (promoted) Representative in Kansai Managing Directors Yasuo Katsura Director, Tokyo Branch Junji Esaka In charge of Home Appliances Business / President, Matsushita Home Appliances Company / in charge of Lighting Company Hitoshi Otsuki In charge of Overseas Operations Ikusaburo Kashima In charge of Legal Affairs, Corporate Risk Management, Corporate Information Security, Corporate Business Ethics, Legal Consultation & Solutions Center, and Corporate International Affairs Directors Ikuo Uno   Hidetsugu Otsuru In charge of Facility Management, Quality Assurance, Corporate FF Customer Support & Management Division and Environmental Affairs / Director, Corporate Environmental Affairs Division (effective February 28, 2008) / in charge of Recycling Business Promotion Makoto Uenoyama In charge of Accounting and Finance Honorary Chairman of the Board and Executive Advisor, Member of the Board   Masaharu Matsushita     Notes: The Chairman of the Board of Directors, Vice Chairman of the Board of Directors, President, Executive Vice Presidents and Senior Managing Directors are Representative Directors and severally represent the company.   Ikuo Uno is an outside director of the company as stipulated in Article 2, Paragraph 15 of the Company Law of Japan. 2. Members of the Board of Corporate Auditors (Effective April 1)   Title   Name   New Responsibilities Senior Corporate Auditors Yukio Furuta   Kenichi Hamada Chairman, Matsushita Group Auditors Meeting Corporate Auditors Yasuo Yoshino   Ikuo Hata     Hiroyuki Takahashi     Note: Yasuo Yoshino, Ikuo Hata and Hiroyuki Takahashi are outside corporate auditors. 3. Executive Officers (Effective April 1)   Title   Name   New Responsibilities Managing Executive Officers Yoshihiko Yamada Director, Corporate Management Division for North America / Chairman, Panasonic Corporation of North America Ken Morita Senior Vice President, Panasonic AVC Networks Company / Director, Visual Products and Display Devices Business Group, Panasonic AVC Networks Company Yoshitaka Hayashi (promoted) In charge of Global Procurement and Global Logistics Takae Makita (promoted) In charge of Information Systems / Associate Director, Corporate IT Innovation Division Kazuhiro Tsuga (promoted) President, Panasonic Automotive Systems Company Takumi Kajisha (promoted) In charge of Corporate Communications Division / Director, Corporate Communications Division / in charge of CSR Office, Corporate Advertising Group, and Corporate Citizenship Group / Vice Chairman, Showroom Strategic Committee   Kazunori Takami (promoted) In charge of Corporate Marketing Division for National Brand Home Appliances and Corporate Marketing Division for National Brand Wellness Products / Director, Corporate Marketing Division for National Brand Home Appliances Executive Officers Masashi Makino Director, Corporate Manufacturing Innovation Division Joachim Reinhart COO, Panasonic Europe Ltd. Ikuo Miyamoto Director, Corporate Management Division for Asia and Oceania / President, Panasonic Asia Pacific Pte. Ltd. Hideo Kawasaki President, Semiconductor Company Shigeru Omori Director, Corporate Industrial Marketing & Sales Division Masaaki Fujita Senior Vice President, Panasonic AVC Networks Company / Director, PDP TV Business Unit, Visual Products and Display Devices Business Group, Panasonic AVC Networks Company Yoshihisa Fukushima In charge of Intellectual Property / Director, Corporate Intellectual Property Division / President, Intellectual Property Rights Operations Company Masatsugu Kondo Assistant to Executive Vice President Koike, in charge of Alternative Energy Generation Technology (effective February 28, 2008)   Naoto Noguchi President, Matsushita Battery Industrial Co., Ltd. / President, Rechargeable Battery Company, Matsushita Battery Industrial Co., Ltd. (effective February 28, 2008) Osamu Waki President, Panasonic Mobile Communications Co., Ltd. Toshiaki Kobayashi President, Panasonic Electronic Devices Co., Ltd. Joseph Taylor COO, Panasonic Corporation of North America Yoshiiku Miyata Director, Corporate Management Division for Europe / Chairman, Panasonic Europe Ltd. Takashi Toyama President, Panasonic System Solutions Company / Director, Corporate Construction Business Promotion Division / in charge of Corporate eNet Business Division Jun Ishii Director, Corporate Marketing Division for Consumer Products / in charge of Corporate CS Division and Showroom Strategic Planning Office / Chairman, Showroom Strategic Committee Toshiro Kisaka Director, Corporate Management Division for China and Northeast Asia / Chairman, Panasonic Corporation of China Yutaka Takehana (newly appointed) In charge of Corporate Risk Management Office, Corporate Information Security Division and Corporate Business Ethics Masato Tomita (newly appointed) Director, Corporate Management Division for CIS, the Middle East & Africa Hideaki Kawai (newly appointed) General Manager, Corporate Finance & IR Group / in charge of Financial Operations Center Masatoshi Harada (newly appointed) In charge of Personnel / General Manager, Corporate Personnel Group,/ in charge of General Affairs and Social Relations/ in charge of e-Work Promotion Office Takeshi Uenoyama (newly appointed) In charge of Device Technology and Environmental Technology / General Manager, Device Strategy Office / Director, Image Devices Development Center / Director, Advanced Technology Research Laboratories / Acting Director, The Nakao Laboratory Koji Itazaki (newly appointed) Director, Corporate Procurement Division / Director, Corporate Global Logistics Division Shiro Nishiguchi (newly appointed) Director, Corporate Marketing Division for Panasonic Brand Yoshiyuki Miyabe (newly appointed) In charge of Digital Network & Software Technology, Overseas R&D Centers, and New Business Strategy Office   Laurent Abadie (newly appointed)   President, Panasonic France S.A. Note: Effective March 31, 2008, Nobutane Yamamoto and Yoshinobu Sato will retire from the office of Managing Executive Officer. Fujio Nakajima, Yutaka Mizuno and Mikio Ito will retire from the office of Executive Officer. 4. Resignations and Appointments of the Members of the Board of Directors and Corporate Auditors (Effective June 26)   Resignations:         Title   Name   New Responsibilities Executive Vice President   Takami Sano   To be appointed Corporate Advisor, Matsushita Electric Industrial Co., Ltd. Senior Corporate Auditor   Yukio Furuta     Appointments:         Title   Name   Former (Current) Responsibilities Directors   Masayuki Oku     Masatoshi Harada (newly appointed) Currently in charge of Personnel / General Manager, Corporate Personnel Group / in charge of General Affairs and Social Relations/ in charge of e-Work Promotion Office Senior Corporate Auditor   Masahiro Seyama   Formerly Director, Corporate Management Division for Latin America / President, Panasonic Corporation of Latin America 5. Members of the Board of Directors (Effective June 26, 2008)   Title   Name   New Responsibilities Chairman of the Board   Kunio Nakamura     Vice Chairman of the Board Masayuki Matsushita   President Fumio Ohtsubo   Executive Vice Presidents Susumu Koike In charge of Technology and Semiconductor Company Shunzo Ushimaru In charge of Domestic Consumer Marketing, Electrical Supplies Sales, Project Sales, Building Products Sales, Advertising and Design / Chairman, Corporate Brand Committee Koshi Kitadai Representative in Tokyo / in charge of Automotive Electronics Business, Panasonic EV Energy Co., Ltd. and Industrial Sales Senior Managing Directors Toshihiro Sakamoto President, Panasonic AVC Networks Company Takahiro Mori In charge of Planning / Associate Director, Corporate IT Innovation Division / in charge of Panasonic Start-up Fund / Vice Chairman, Corporate Brand Committee Shinichi Fukushima Representative in Kansai Managing Directors Yasuo Katsura Director, Tokyo Branch Junji Esaka In charge of Home Appliances Business / President, Matsushita Home Appliances Company / in charge of Lighting Company Hitoshi Otsuki In charge of Overseas Operations Ikusaburo Kashima In charge of Legal Affairs, Corporate Risk Management, Corporate Information Security, Corporate Business Ethics, Legal Consultation & Solutions Center, and Corporate International Affairs Directors Ikuo Uno   Masayuki Oku (newly appointed )   Hidetsugu Otsuru In charge of Facility Management, Quality Assurance, Corporate FF Customer Support & Management Division and Environmental Affairs / Director, Corporate Environmental Affairs Division / in charge of Recycling Business Promotion Makoto Uenoyama In charge of Accounting and Finance Masatoshi Harada (newly appointed) In charge of Personnel / General Manager, Corporate Personnel Group / in charge of General Affairs and Social Relations / in charge of e-Work Promotion Office Honorary Chairman of the Board and Executive Advisor, Member of the Board   Masaharu Matsushita     Notes: The Chairman of the Board of Directors, Vice Chairman of the Board of Directors, President, Executive Vice Presidents and Senior Managing Directors are Representative Directors and severally represent the company.   Ikuo Uno and Masayuki Oku are outside directors of the company as stipulated in Article 2, Paragraph 15 of the Company Law of Japan. 6. Members of the Board of Corporate Auditors (Effective June 26)   Title   Name   New Responsibilities Senior Corporate Auditors   Kenichi Hamada   Chairman, Matsushita Group Auditors Meeting Masahiro Seyama (newly appointed)   Corporate Auditors Yasuo Yoshino   Ikuo Hata     Hiroyuki Takahashi     Note: Yasuo Yoshino, Ikuo Hata and Hiroyuki Takahashi are outside corporate auditors. 7. Executive Officers (Effective June 26)   Title   Name   New Responsibilities Managing Executive Officers   Yoshihiko Yamada   Director, Corporate Management Division for North America / Chairman, Panasonic Corporation of North America Ken Morita Senior Vice President, Panasonic AVC Networks Company / Director, Visual Products and Display Devices Business Group, Panasonic AVC Networks Company Yoshitaka Hayashi In charge of Global Procurement and Global Logistics Takae Makita In charge of Information Systems / Associate Director, Corporate IT Innovation Division Kazuhiro Tsuga President, Panasonic Automotive Systems Company   Takumi Kajisha In charge of Corporate Communications Division / Director, Corporate Communications Division / in charge of CSR Office, Corporate Advertising Group, and Corporate Citizenship Group / Vice Chairman, Showroom Strategic Committee Kazunori Takami In charge of Corporate Marketing Division for National Brand Home Appliances and Corporate Marketing Division for National Brand Wellness Products / Director, Corporate Marketing Division for National Brand Home Appliances Executive Officers Masashi Makino Director, Corporate Manufacturing Innovation Division Joachim Reinhart COO, Panasonic Europe Ltd. Ikuo Miyamoto Director, Corporate Management Division for Asia and Oceania / President, Panasonic Asia Pacific Pte. Ltd. Hideo Kawasaki President, Semiconductor Company Shigeru Omori Director, Corporate Industrial Marketing & Sales Division Masaaki Fujita Senior Vice President, Panasonic AVC Networks Company / Director, PDP TV Business Unit, Visual Products and Display Devices Business Group, Panasonic AVC Networks Company Yoshihisa Fukushima In charge of Intellectual Property / Director, Corporate Intellectual Property Division / President, Intellectual Property Rights Operations Company Masatsugu Kondo Assistant to Executive Vice President Koike, in charge of Alternative Energy Generation Technology Naoto Noguchi President, Matsushita Battery Industrial Co., Ltd. / President, Rechargeable Battery Company, Matsushita Battery Industrial Co., Ltd.   Osamu Waki President, Panasonic Mobile Communications Co., Ltd. Toshiaki Kobayashi President, Panasonic Electronic Devices Co., Ltd. Joseph Taylor COO, Panasonic Corporation of North America Yoshiiku Miyata Director, Corporate Management Division for Europe / Chairman, Panasonic Europe Ltd. Takashi Toyama President, Panasonic System Solutions Company / Director, Corporate Construction Business Promotion Division / in charge of Corporate eNet Business Division Jun Ishii Director, Corporate Marketing Division for Consumer Products / in charge of Corporate CS Division and Showroom Strategic Planning Office / Chairman, Showroom Strategic Committee Toshiro Kisaka Director, Corporate Management Division for China and Northeast Asia / Chairman, Panasonic Corporation of China Yutaka Takehana In charge of Corporate Risk Management Office, Corporate Information Security Division and Corporate Business Ethics Masato Tomita Director, Corporate Management Division for CIS, the Middle East & Africa Hideaki Kawai General Manager, Corporate Finance & IR Group / in charge of Financial Operations Center Takeshi Uenoyama In charge of Device Technology and Environmental Technology / General Manager, Device Strategy Office / Director, Image Devices Development Center / Director, Advanced Technology Research Laboratories / Acting Director, The Nakao Laboratory Koji Itazaki Director, Corporate Procurement Division / Director, Corporate Global Logistics Division Shiro Nishiguchi Director, Corporate Marketing Division for Panasonic Brand Yoshiyuki Miyabe In charge of Digital Network & Software Technology, Overseas R&D Centers, and New Business Strategy Office   Laurent Abadie   President, Panasonic France S.A. About Panasonic Best known for its Panasonic brand name, Matsushita Electric Industrial Co., Ltd. is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. Based in Osaka, Japan, the company recorded consolidated net sales of US$77.19 billion for the year ended March 31, 2007. The company’s shares are listed on the Tokyo, Osaka, Nagoya and New York (NYSE:MC) stock exchanges. For more information on the company and the Panasonic brand, visit the company’s website at http://panasonic.net/.