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December 19, 2013
  • Rakuten, Inc.

Announcement Regarding Changes of Representative Directors

Rakuten, Inc. (hereinafter “the Company”) announces the following changes of Representative Directors, which were approved at a Board of Directors meeting held today.

1. Names and titles of current/new Representative Directors (effective January 1, 2014)

Name

New Title

Current Title

Date of assumption of office/retirement

Yoshihisa Yamada

Representative Director,
Executive Vice President,
CFO

Director,
Senior Executive Officer, CFO,
Head of Travel Business of the Company

January 1, 2014

Masayuki Hosaka

Representative Director-nominated (note 2)
Executive Vice President,
Head of Finance Business of the Company (note 3)

Senior Executive Officer,
Head of Finance Business of the Company (note 3)

Representative Director-nominated (note 2): March 2014.
Executive Vice President: January 1, 2014

Atsushi Kunishige

Director, Vice Chairman

Executive Vice President and Representative Director

January 1, 2014

    Notes:

      1. Only major titles related to Rakuten, Inc. are shown
      2. Expected to assume the position of Director upon approval at the 17th Annual General Shareholders Meeting
          which is planned to be held in March 2014.
      3. Finance Business of the Company includes Rakuten Card Business, Bank Business, Securities Business,
          Life Insurance Business and other businesses.

 

2. Reasons for Personnel Changes

Along with business expansion, the Company aims to strengthen its corporate governance. 

In addition, there are no changes related to Hiroshi Mikitani, Chairman and CEO.

 

3. Career Histories of New Representative Directors

■Name                       Yoshihisa Yamada

■Date of Birth              April 17, 1964

■Career History

  April 1987                  Joined the Industrial Bank of Japan, Limited (currently Mizuho Bank, Ltd.)

  September 1999         Joined Goldman Sachs Japan Co., Ltd

  February 2000            Director of the Company

                                  Senior Director of the Company

  March 2004                President and Representative Director of MyTrip.net Inc. (currently Rakuten Travel, Inc.)

  March 2007                Resigned as Director of the Company

                                  Retired as President and Representative Director of Rakuten Travel, Inc.

  August 2010               Senior Executive Officer of the Company (current position)

  January 2011              President and Representative Director of bitWallet, Inc. (currently Rakuten Edy, Inc.)

                                   Vice Chairman and Representative Director of Rakuten Travel, Inc.

  January 2012              Director of Kobo Inc. (current position)

  March 2012                 Director of the Company (current position)

  April 2012                   Head of Travel Business of the Company (current position)

  March 2013                 CFO of the Company (current position)

                                   Head of Finance Department of the Company (current position)

■Number of shares of the company held   20,000 shares

 

■Name                        Masayuki Hosaka

■Date of Birth              July 31, 1954

■Career History

  April 1980                   Joined ORIX Credit Corporation

  May 2005                    Executive Officer of the Company

  May 2005                    Executive Vice President of Rakuten Credit, Inc. (currently Rakuten Card Co., Ltd)

  February 2006              President and Representative Director of Rakuten Credit, Inc. (currently Rakuten Card Co., Ltd)

  November 2007            Head of Personal Finance Business of the Company

  August 2011                Chief of Rakuten Card Business of the Company (current position)

  April 2012                    Head of Rakuten Card Business of the Company (current position)
                                    Head of Insurance Agency Business of the Company (current position)
                                    Head of Bank Business of the Company (current position)
                                    Head of Securities Business of the Company (current position)

  November 2012            Head of Life Insurance Business of the Company (current position)

  January 2013               Head of Financial Business Office of the Company (current position)

  February 2013              Senior Executive Officer of the Company (current position)

  March 2013                  Head of Edy Business of the Company (current position)

  March 2013                  Head of Smart Pay Business of the Company (current position)

  May 2013                     President and Representative Director of Rakuten Edy, Inc. (current position)

■Number of shares of the company held   1,100 shares

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