May 15, 2023

Company Name: Nippon Paper Industries Co., Ltd.

Representative: Toru Nozawa, President

Changes of Directors and Executive Officers

Nippon Paper Industries Co., Ltd. (the Company) has announced the following changes for Directors and Executive Officers, which were approved at our Board of Director's meeting today.

Details of Changes (as of June 29,2023)

1. Changes in Representative Directors

(1) Purpose of Changes

Continued strengthening of the management structure.

(2) Newly Appointed Representative Director

New

Name

Present

Representative Director

Masanobu

Director;

Executive Vice President;

Iizuka

Chief Executive Officer of Opal

Assistant to President;

In charge of Duplex Board & Packaging

Paper Sales Division;

Managing Executive Officer & President of

Nippon Tokai Industrial Paper Supply Co.,

Ltd. (as of June 20)

  1. Profile of the New Representative Director See Appendix 1.
  2. Retiring Representative Director

New

Name

Present

Retired

Kazumori

Representative Director

Fukushima

Executive Vice President;

Assistant to President;

President of Nippon Paper Crecia Co.,

Ltd. (Retired as of June 21)

2. Changes in Directors

None

1

3. Newly Appointed Directors

New

Name

Present

Director;

Atsumi

Managing Executive Officer;

President of Nippon Paper Crecia Co., Ltd.

Yasunaga

General Manager of Iwakuni Mill

(June 21)

Director;

Mitsuhiro

Executive Officer;

Managing Executive Officer;

Sugino

General Manager of Biomass Material

General Manager of Biomass Material

Business Division

Business Division

4. Retiring Director

New

Name

Present

Executive Officer;

Tomomi

Director;

General Manager of Sales Planning

Nojiri

Executive Officer;

Division

General Manager of Sales Planning

Division

5. Changes in Executive Officers

(1) Details of Changes of Executive Officers

New

Name

Present

Managing Executive Officer;

Shinichiro

Executive Officer;

General Manager of Iwakuni Mill

Nakamura

General Manager of Ishinomaki Mill

Managing Executive Officer;

General Manager of Research &

Development Division

Takashi

Ochi

Executive Officer;

General Manager of Research &

Development Division

Managing Executive Officer;

General Manager of Technical &

Engineering Division

Yasuhito

Murakami

Executive Officer;

General Manager of Technical &

Engineering Division

Managing Executive Officer;

General Manager of GraphicPaper Sales

Division

Kazuto

Shimada

Executive Officer;

General Manager of Printing Paper

Sales Division

Managing Executive Officer;

General Manager of Chemical Sales

Division

Kazunori

Itaya

Executive Officer;

General Manager of Chemical Sales

Division

Executive Officer;

General Manager of Ishinomaki Mill

Kazuyasu Yamamoto

Executive Officer;

Deputy General Manager of

Technical & Engineering Division

2

(2) Newly Appointed Executive Officers

New

Name

Present

Executive Officer;

Koichi

General Manager of Raw Materials &

General Manager of Raw Materials &

Sato

Purchasing Division

Purchasing Division

Executive Officer;

Hiroyuki

Director of Shin Tokai Paper Co., Ltd.

Director of Shin Tokai Paper Co., Ltd.

Nakagawa

Executive Officer;

General Manager of Energy Business

Division

Yoshinori Matsubara

General Manager of Energy Business Division

Executive Officer;

General Manager of Akita Mill

Hiroya

Kakehashi

General Manager of Akita Mill

（3) Retiring Executive Officers

Yoshihide Kimura

Retirement

Present Managing Executive Officer; General Manager of Nakoso Mill

Osamu Niwaguchi

Retirement, To be appointed President & Representative Director of Nippon

Paper Logistics Co., Ltd. as of June 21.

Present Executive Officer; General Manager of Business Communication

Paper Sales Division

3

(4) Related Personnel Changes

New

Name

Present

General Manager of Nakoso Mill

Yoshito

Deputy General Manager of Iwakuni

Watanabe

Mill; General Manager of Safety &

Environmental Control Department,

Iwakuni Mill

General Manager of Soka Mill

Takashi

Deputy General Manager of Corporate

Ueno

Planning Division; General Manager of

Corporate Planning Department

General Manager of Gotsu Mill

Yasuo

Deputy General Manager of Technical

Asano

& Engineering Division; General

Manager of Safety Department

General Manager of Otake Mill

Tomoaki

Chief Technical Officer of Opal

Koyanagi

President of GAC Co., Ltd.

Hiroshi

General Manager of Otake Mill

(As of June 16)

Fujita

President of Flowric Co., Ltd.

Shoichi

General Manager of Gotsu Mill

(As of June 19)

Yokomachi

President of Kokuei Paper Co., Ltd.

Akira

General Manager of Soka Mill

(As of June 20)

Kanamori

Retired (As of June 20)

Satoru

President of Nippon Tokai Industrial

Muto

Paper Supply Co., Ltd.

Retired (As of June 21)

Takeo

President of Nippon Paper Logistics

Konno

Co., Ltd.

6. Organizational Changes

  1. Printing Paper Sales Division and Business Communication Paper Sales Division will be integrated as the Graphic Paper Sales Division

4

Appendix 1

Profile of Newly Appointed Representative Director

Name:

Masanobu Iizuka

Date of birth:

January 17, 1960

Birthplace:

Kanagawa Prefecture

Education:

Graduated from Tokyo University of Science

(Department of Applied Chemistry, Faculty of Science Division) in 1984

Career at the company:

April 1984

Joined Jujo Paper Co., Ltd

February 2006

Seconded to Daishowa-Marubeni International Ltd. as Executive Vice President

October 2011

General Manager, Production Department, Yatsushiro Mill

April 2013

General Manager, Production Department and General Manager, Safety &

Environmental Control Department, Yatsushiro Mill

June 2014

Deputy General Manager of Yatsushiro Mill, General Manager, Production

Department and General Manager, Safety & Environmental Control Department at

Yatsushiro Mill

July 2014

Deputy General Manager of Yatsushiro Mill, General Manager, Safety &

Environmental Control Department at Yatsushiro Mill

July 2015

Deputy General Manager, Corporate Planning Division and General Manager,

International Business Department

June 2017

Executive Officer; General Manager, Hokkaido Mill

June 2019

Director; Executive Officer; General Manager, Corporate Planning Division and in

charge of Subsidiaries and Affiliated Companies

June 2020

Director; Executive Officer; President of Opal

June 2021

Director; Managing Executive Officer; President of Opal

Number of

Company' shares

12,449 (as of March 31, 2023)

held:

5

Attachments

Disclaimer

Nippon Paper Industries Co. Ltd. published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 06:06:07 UTC.