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Matsushita Announces Senior Management Changes

April 28, 2004 by Jeff Shepard

Matsushita Electric Industrial Co. Ltd. (Japan) announced the following proposed changes in its Board of Directors, Corporate Auditors and Executive Officers. Of the proposed changes, election of new Directors and Corporate Auditors and certain other matters will be submitted for, and subject to, approval at the company's ordinary general meeting of shareholders to be held in late June 2004.

Senior Managing Director Tetsuya Kawakami was promoted to Finance and Accounting; Managing Director Toshihiro Sakamoto was promoted to Planning, Associate Director of Corporate Management Quality Innovation Division; Masaki Akiyama was appointed President of Panasonic System Solutions Company; Mikio Ito was appointed Director of Corporate Legal Affairs Division; Yasuo Katsura was promoted to Director of Tokyo Branch; Shunzo Ushimaru was promoted to Director of Corporate Marketing Division; and Katsutoshi Kanzaki, Yoshinobu Sato, Osamu Nishijima, Joachim Reinhart, Yutaka Mizuno, Yoshihiko Yamada, and Kazuhiro Tsuga became Executive Officers.