Feb 04, 2021

Notice on Change of Chief Executive Officer

Name of listed company: Chugai Pharmaceutical Co., Ltd.
Code number: 4519 (1st Section of Tokyo Stock Exchange)
Head office: 1-1, Nihonbashi-Muromachi 2-Chome, Chuo-ku, Tokyo
Chairman & CEO: Tatsuro Kosaka
Inquiries to: Toshiya Sasai
Head of Corporate Communications Dept.
Tel:+81-(0)3-3273-0554

Chugai Pharmaceutical Co., Ltd. (the “Company”) announced that, based on the recommendation of the Appointment Committee, the Company resolved at the Board of Directors Meeting held today to appoint Osamu Okuda, currently Representative Director, President and Chief Operating Officer (COO), as Chief Executive Officer (CEO) as of March 23, 2021.

1. Reason for change

Chugai aims to become a top innovator in the healthcare industry that contributes to the realization of advanced and sustainable patient-centric healthcare and has been contributing to the resolution of social issues and growing together with society through our business activities. The appointment of a new CEO has been decided to promote our new growth strategy, TOP I 2030, formulated for the year 2030, to achieve sustainable growth and development of the Chugai group and further enhancing corporate value under a new management structure.

Under the new management structure, Tatsuro Kosaka will continue to chair the board in his capacity as Representative Director and Chairman. Dr. Osamu Okuda will bear the role and responsibilities for decision-making over company-wide strategies and the execution of operations in his capacity as Representative Director, President and CEO.

2. Details of change

Name New Responsibilities Current Responsibilities
Tatsuro Kosaka Representative Director, Chairman Representative Director, Chairman and Chief Executive Officer (CEO)
Osamu Okuda Representative Director, President and Chief Executive Officer (CEO) Representative Director, President and Chief Operating Officer (COO)

3. Career summary of the representative director candidates

Tatsuro Kosaka    
Date of birth: January 18, 1953  
No. of Shares Held 129,700 shares  
Career Summary: 1976 Apr. Joined the Company
  1995 Apr. Deputy President, Chugai Pharma Europe Ltd. (U.K.)
  2000 Jun. General Manager of Business Strategy Planning Office
  2002 Oct. Vice President, General Manager of Corporate Planning Dept.
  2004 Oct. Senior Vice President, General Manager of Corporate Planning Dept.
  2005 Mar. Senior Vice President, Deputy Managing Director of Sales & Marketing Group
  2005 Jul. Senior Vice President, Head of Strategic Marketing Unit
  2008 Mar. Senior Vice President, Head of Lifecycle Management & Marketing Unit
  2010 Mar. Director, Executive Vice President
  2012 Mar. Representative Director, President & COO
  2016 Mar. Outside Director, Asahi Group Holdings (to present)
  2018 Mar. Representative Director, President & CEO
  2020 Mar. Representative Director, Chairman & CEO (to present)
Osamu Okuda    
Date of birth: April 5, 1963  
No. of Shares Held: 44,400 shares  
Career Summary: 1987 Apr. Joined the Company
  2008 Oct. Department Manager of Lifecycle Management Dept. 2
  2009 Jun. Department Manager of Lifecycle Management Dept. 2 and Lifecycle Leader
  2011 Apr. President, Roche Products (Ireland) Limited
  2013 Oct. Head of Oncology Unit of Marketing & Sales Div.
  2014 Jan. Vice President and Head of Oncology Unit of Marketing & Sales Div.
  2015 Jan. Vice President and General Manager of Corporate Planning Dept.
  2017 Apr. Senior Vice President and General Manager of Corporate Planning Dept.
  2018 Apr. Executive Vice President and Co-Head of Project & Lifecycle Management Unit
  2020 Mar. Representative Director, President & COO (to present)

4. Effective date
March 23, 2021

Contact:

  • For Media
  • Chugai Pharmaceutical Co., Ltd.
  • Media Relations Group, Corporate Communications Dept.,
  • Tomoko Shimizu
  • Tel: +81-3-3273-0881
  • E-mail: pr@chugai-pharm.co.jp
  • For Investors
  • Chugai Pharmaceutical Co., Ltd.
  • Investor Relations Group, Corporate Communications Dept.,
  • Takayuki Sakurai
  • Tel: +81-3-3273-0554
  • E-mail: ir@chugai-pharm.co.jp
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