IIJ Announced Its Proposed Management Team and the
Introduction of the Executive Officer System
GlobeNewswire
2010-03-04
TOKYO, March 4, 2010 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc.
(Nasdaq:IIJI) (TSE:3774) ("IIJ") announced that its Board of Directors
has resolved today the introduction of the Executive Officer System.
IIJ has also nominated the candidates for its Board of Directors and
appointed its Executive Officers, as follows.
1. Change in the Management Structure
Announced on February 4, 2010 in the press release "IIJ to absorb
Wholly-owned subsidiary", IIJ has resolved to absorb its wholly-owned
subsidiary IIJ Technology Inc. ("IIJ-Tech") on April 1, 2010.
Accompanied with this merger, IIJ hereby announce that it will
introduce a new management structure.
2. Reason for the Introduction of the Executive Officer System
IIJ will reorganize its Board of Directors as well as introduce an
Executive Officer System. IIJ expects to further enhance its corporate
governance by separating its decision making, supervisory function and
business execution function. IIJ also plans to prepare a structure to
help speed up and efficiently promote its business execution.
3. Outline of the Executive Officer System
-- Executive Officers is given authority and responsibility to execute the
duties and operations which are decided by the Board of Directors.
-- The appointment and dismissal of Executive Officers will be made by the
Board of Directors.
-- The term of office of Executive Officers is two years.
-- A Board of Director may also serve as Executive Officer.
4. Timing of Introduction of the System
April 1, 2010.
5. Proposed Management Team
(1) Board of Directors
New Title Name Current Title
---------------------------------- ------------------------ --------------------------------
Representative Director and CEO
Representative Director and CEO of of IIJ
IIJ Mr. Koichi Suzuki Chairman of IIJ-Tech
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President of IIJ Financial
Systems Inc.
Vice Chairman and representative
Executive Vice President (1) Mr. Senji Yamamoto director of IIJ-Tech
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Senior Managing Director Mr. Hideshi Hojo Senior Managing Director of IIJ
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Senior Managing Director
(Scheduled) (2) Mr. Takeshi Kikuchi President of IIJ-Tech
---------------------------------- ------------------------ --------------------------------
Senior Managing Director Mr. Hitoshi Imafuku Senior Managing Director of IIJ
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Managing Director (1) Mr. Takamichi Miyoshi Director of IIJ
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Managing Director and CFO (1) Mr. Akihisa Watai Director and CFO of IIJ
---------------------------------- ------------------------ --------------------------------
Director (Part-time) (3) Mr. Yasurou Tanahashi Director of IIJ (Part-time)
---------------------------------- ------------------------ --------------------------------
Director (Part -time) (3) Mr. Takashi Hiroi Director of IIJ (Part-time)
---------------------------------- ------------------------ --------------------------------
Director (Part -time) (3) Mr. Junnosuke Furukawa Director of IIJ (Part-time)
---------------------------------- ------------------------ --------------------------------
Director (Part -time) (3) Mr. Shingo Oda Director of IIJ (Part-time)
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Director (Part -time) (Scheduled)
(2) Mr. Yoshifumi Nishikawa
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(1) Mr. Senji Yamamoto, Mr. Takamichi Miyoshi and Mr. Akihisa Watai will be promoted on April
1, 2010
(2) Mr. Takeshi Kikuchi and Mr. Yoshifumi Nishikawa will be subjected to approval as IIJ's
new Company Director at
the upcoming IIJ's Ordinary General Meeting of Shareholders scheduled to be held in June
2010
(3) Outside Company Directors
(2) Company Auditors
New Title Name Current Title
----------------------------------------------- ------------------------ --------------------------------
Company Auditor of IIJ
(Full-time)
Company Auditor of IIJ-Tech
Company Auditor (Full-time)(1) Mr. Junichi Tate (Part-time)
----------------------------------------------- ------------------------ --------------------------------
Company Auditor of IIJ-Tech
Company Auditor (Full-time) (Scheduled)(2) Mr. Shunichi Kozasa (Full-time)
----------------------------------------------- ------------------------ --------------------------------
Company Auditor of IIJ
Company Auditor (Part-time)(1) Mr. Masaki Okada (Part-time)
----------------------------------------------- ------------------------ --------------------------------
Company Auditor of IIJ
Company Auditor (Part-time)(1) Mr. Masaaki Koizumi (Part-time)
----------------------------------------------- ------------------------ --------------------------------
(1) Outside Company Auditors
(2) Mr. Shunichi Kozasa will be subjected to approval as IIJ's new Company Auditor at the upcoming IIJ's
Ordinary General
Meeting of Shareholders scheduled to be held in June 2010
(3) Mr. Hirofumi Takahashi will resign from IIJ's Company Auditor effective on the close of the upcoming
IIJ's Ordinary General
Meeting of Shareholders scheduled to be held in June 2010
(3) Executive Officers
New Title Name Current Title
---------------------------------- ------------------------- -------------------------
Senior Managing Director
Senior Executive Officer(1) Mr. Tsutomu Yoshihara of IIJ-Tech
---------------------------------- ------------------------- -------------------------
Senior Executive Officer(2) Mr. Chiaki Furuya Managing Director of IIJ
---------------------------------- ------------------------- -------------------------
Managing Director of
Executive Managing Officer(1) Mr. Masayoshi Tobita IIJ-Tech
---------------------------------- ------------------------- -------------------------
Director of IIJ
Executive Managing Officer(2) Mr. Kazuhiro Tokita Director of IIJ-Tech
---------------------------------- ------------------------- -------------------------
Executive Managing Officer(2) Mr. Junichi Shimagami Director of IIJ
---------------------------------- ------------------------- -------------------------
Executive Officer(2) Mr. Kiyoshi Ishida Director of IIJ
---------------------------------- ------------------------- -------------------------
General Manager of Sales
Department
Executive Officer Mr. Yasumitsu Iizuka for Public Sector
---------------------------------- ------------------------- -------------------------
Executive Officer(1) Mr. Kokichi Matsumoto Director of IIJ-Tech
---------------------------------- ------------------------- -------------------------
(1) Mr. Tsutomu Yoshihara, Mr. Masayoshi Tobita and Mr. Kokichi Matsumoto will retire
from IIJ-Tech's Director and become IIJ's
Executive Officer on April 1, 2010
(2) Mr. Chiaki Furuya, Mr. Kazuhiro Tokita, Mr. Junichi Shimagami and Mr. Kiyoshi
Ishida will become IIJ's Executive Officer on
April 1, 2010 and will resign from IIJ's Director effective on the close of the
upcoming IIJ's Ordinary General Meeting of
Shareholders scheduled to be held in June 2010
About IIJ
Founded in 1992, IIJ is one of Japan's leading Internet-access and
comprehensive network solutions corporate customers. IIJ's services
include high-quality systems integration and security services,
Internet access, hosting/housing, and content design. Moreover, IIJ has
built one of the largest Internet backbone networks in Japan, and
between Japan and the United States. IIJ was listed on NASDAQ in 1999
and on the First Section of the Tokyo Stock Exchange in 2006.
The Internet Initiative Japan Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4613
The statements within this release contain forward-looking statements
about our future plans that involve risk and uncertainty. These
statements may differ materially from actual future events or results.
Readers are referred to the documents furnished by Internet Initiative
Japan Inc. with the SEC, specifically the most recent reports on Forms
20-F and 6-K, which identify important risk factors that could cause
actual results to differ from those contained in the forward-looking
statements.
CONTACT: Internet Initiative Japan Inc.
IIJ Investor Relations
+81-3-5259-6500
ir@iij.ad.jp
http://www.iij.ad.jp/en/IR
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