Notice of Change of Representative Executive Officer from NTN

NTN Corporation hereby announces that a change of Representative Executive Officer has been decided at the Board of Directors held on February 5, 2021.

1. Reason of change

To accelerate “Transformation” of business structure in next Medium-term Management Plan “DRIVE NTN 100 Phase 2”, and further strengthen the financial structure and develop a corporate culture that can address changes in the management environment.

2. Details of transfer

Schedule of change: April 1, 2021

Name

New Position

Former Position

Hiroshi Ohkubo    Director    Director,
Representative Executive Officer, President, Executive Officer, CEO    

Eiichi Ukai    Director,
Representative Executive Officer, President, Executive Officer, CEO    Director,
Representative Executive Officer, Managing Executive Officer    

3. Name and profile of the new President, Executive Officer

Name    Eiichi Ukai    

Date of birth    Feb.1, 1957    

Birth place    Prefecture of Hyogo    

Education    Department of Administration Engineering, Faculty of Engineering, Kansai University    

Business career

April 1980    Joined the Company    

December 1986    NTN Bearing Manufacturing of Canada    

April 2001    General Manager of Quality Assurance Dept. of Okayama Works    

April 2011    Operating Officer, General Manager of Quality Assurance Dept.    

April 2014    Managing Operating Officer
General Manager of ASEAN & Oceania Region
General Manager of India & West Asia Region    

June 2017    Director
Aftermarket Business Headquarters
ASEAN & Oceania Region, India & West Asia Region    

June 2019    Director
Managing Executive Officer
Aftermarket Business Headquarters
Quality Assurance Headquarters
ASEAN, Oceania & West Asia Region
India Region    

April 2020    Director (current position)
Representative Executive Officer,
Managing Executive Officer
Aftermarket Business Headquarters
Industrial Business Headquarters
Quality Assurance Headquarters
ASEAN, Oceania, India & West Asia Region
India Region    

Number of shares of the Company held: 54 thousand shares