Showa Denko Announces Management Changes, Effective January 4, 2017
October 25, 2016 at 12:00 pm EDT
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Showa Denko announced that Hideo Ichikawa will resign as President and CEO to become Representative Director and Chairman of the Board, of the company, and that, Kohei Morikawa, Director, Managing Corporate Officer, and Chief Technology Officer, will succeed Ichikawa, effective January 4, 2017. Morikawa is currently in charge of Electronic Chemicals and Functional Chemicals divisions, Business Development Center, Isesaki and Tatsuno plants, and Corporate R&D Department. Kyohei Takahashi will resign as Chairman of the Board on January 4, 2017.
He will also resign as Director at the ordinary general meeting of shareholders in late March 2017, and assume the post of Advisor.
Resonac Holding Corporation (formerly Showa Denko KK) is a holding company organized around 7 family of products:
- materials (43.8% of net sales): electronics materials (epoxy molding compounds, die bonding materials, CMP slurries, anisotropic conductive films), printed wiring board materials (copper-clad laminates, photosensitive dry films), mobility components (plastic molded products, friction materials, powder metal products, carbon anode materials for LIBs), energy storage devices and systems (automotive and industrial batteries), and life sciences (diagnostics, contracted manufacturing of regenerative medicine products);
- petrochemical products (19.6%): olefins (polyethylene, polypropylene) and organic chemical products (vinyl acetate monomer, ethyl acetate and plastics);
- chemical products (12.9%): caustic soda, chlorine, liquid ammonia, amino acids, polymers, gas (oxygen, nitrogen, hydrogen), etc.;
- electronic components (8.3%): hard disks, semiconductors components, magnetic components, etc.;
- inorganic products (7.1%): ceramics and carbons (graphite electrodes);
- aluminum products (5.3%): aluminum foils, extruded products, forged products, cans, etc.;
- other (3%).
Net sales break down geographically as follows: Japan (53.4%), China (12%), Asia (20.6%) and other (14%).
RESONAC HOLDING CORPORATION 
