NEC Electronics, Renesas Announce the New Executive Team Following Merger

NEC Electronics Corp. and Renesas Technology Corp. have announced candidates of the executive team that will be in place following the business integration on April 1, 2010 (scheduled). All candidates of the new executive team at the new integrated company, to be called Renesas Electronics Corp., are listed in Exhibit 1.

Susumu Furukawa, who is well-versed in the high-tech field and has extensive experience in global business, has been newly appointed to take the role of the remaining position of outside directors of Renesas Electronics Corp., effective as of April 1, 2010.

NEC Electronics and Renesas Technology also announced its plan to consolidate the companies’ domestic sales operations into Renesas Technology Sales Co. Ltd, which name will change to Renesas Electronics Sales Co. Ltd, in accordance with the Merger.

In addition to above, NEC Electronics and Renesas Technology appointed the representatives and announced the names of the foreign sales subsidiaries of Renesas Electronics Corp. (effective as of April 1, 2010) to coincide with the Merger.

Finally, the names of the existing foreign manufacturing subsidiaries of NEC Electronics will be changed following the Merger.

Exhibit 1: Executive Team of Renesas Electronics Corp.
Effective as of April 1, 2010
(Note: Title in parenthesis indicates position currently held.)

Junshi Yamaguchi,* Representative Director, Chairman
(President & CEO of NEC Electronics Corporation)

Yasushi Akao,* Representative Director, President
(Representative Director, President of Renesas Technology Corp.)

Kazuaki Ogura,* Executive Vice President and Member of the Board
(General Manager, Merger Preparation Office of Renesas Technology Corp.)

Masaki Kato, Executive Vice President and Member of the Board
(Executive Vice President and Member of Board of NEC Electronics Corp.)

Yoichi Yano, Executive Vice President and Member of the Board
(Executive Vice President and Member of Board of NEC Electronics Corporation)

Shozo Iwakuma,* Senior Vice President and Member of the Board
(Board Director of Renesas Technology Corp.)

Toyoaki Nakamura,* Outside Member of the Board
(Representative Executive Officer, Senior Vice President and Executive Officer of Hitachi Ltd)

Nobuhiro Endo,* Outside Member of the Board
(Senior Vice President and Member of the Board of NEC Corp.)

Noritomo Hashimoto,* Outside Member of the Board
(Executive Officer of Mitsubishi Electric Corporation, Outside Board Director of Renesas Technology Corp.)

Hajime Matsukura, Outside Member of the Board
(General Manager of Corporate Strategy and Business Development Division of NEC Corp., Outside Member of the Board of NEC Electronics Corporation)

Susumu Furukawa,* Outside Member of the Board
(Professor, Keio University Graduate School of Media Design)

Senior Vice President
Tatsuo Yoshino
(Senior Vice President of NEC Electronics Corp.)

Yoshihiko Miura
(Senior Vice President of NEC Electronics Corp.)

Shunsuke Hosomi
(Board Director of Renesas Technology Corp.)

Yoshiro Miyaji
(Senior Vice President of NEC Electronics Corp.)

Kazuyoshi Yamada
(Senior Vice President of NEC Electronics Corp.)

Shigeo Mizugaki
(Board Director of Renesas Technology Corp.)

Tetsuya Tsurumaru
(Managing Officer of Renesas Technology Corp.)

Shinichi Iwamoto
(Senior Vice President of NEC Electronics Corp.)

Hideaki Chaki
(Managing Officer of Renesas Technology Corp.)

Hideo Tsujioka
(Managing Officer of Renesas Technology Corp.)

Corporate Auditor
Keiji Suzuki
(Corporate Auditor of NEC Electronics Corp.)

Hiroki Kawamura
(Corporate Auditor of NEC Electronics Corp.)

Junichiro Nishi*
(Board Director of Renesas Design Corp.)

Yasuyuki Shibata
(Corporate Auditor of NEC Electronics Corp.)

Note: The Members of the Board and the corporate auditors who are not currently NEC Electronics' Members of the executive team will officially be appointed following the adoption of the resolutions at the Extraordinary General Meetings of Shareholders to be held on Feb 24, 2010. The representative directors will officially be appointed at a meeting of the Board of Directors scheduled on April 1, 2010.

For more information, please visit www.renesas.com.


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