Internet Initiative Japan Inc. (Nasdaq:IIJI) (TSE:3774) ("IIJ")
announced that its Board of Directors has resolved today the
introduction of the Executive Officer System. IIJ has also
nominated the candidates for its Board of Directors and appointed
its Executive Officers, as follows.
1. Change in the Management
Structure
Announced on February 4, 2010 in the press release "IIJ to
absorb Wholly-owned subsidiary", IIJ has resolved to absorb its
wholly-owned subsidiary IIJ Technology Inc. ("IIJ-Tech") on April
1, 2010. Accompanied with this merger, IIJ hereby announce that it
will introduce a new management structure.
2. Reason for the Introduction of
the Executive Officer System
IIJ will reorganize its Board of Directors as well as introduce
an Executive Officer System. IIJ expects to further enhance its
corporate governance by separating its decision making, supervisory
function and business execution function. IIJ also plans to prepare
a structure to help speed up and efficiently promote its business
execution.
3. Outline of the Executive
Officer System
Executive Officers is given authority and responsibility to
execute the duties and operations which are decided by the Board of
Directors.
The appointment and dismissal of Executive Officers will be made
by the Board of Directors.
The term of office of Executive Officers is two years.
A Board of Director may also serve as Executive Officer.
4. Timing of Introduction of the
System
April 1, 2010.
5. Proposed Management Team
(1) Board of Directors
New Title
Name
Current Title
Representative Director and CEO of IIJ
Mr. Koichi Suzuki
Representative Director and CEO of IIJ
Chairman of IIJ-Tech
Executive Vice President (1)
Mr. Senji Yamamoto
President of IIJ Financial Systems Inc.
Vice Chairman and representative
director of IIJ-Tech
Senior Managing Director
Mr. Hideshi Hojo
Senior Managing Director of IIJ
Senior Managing Director (Scheduled) (2)
Mr. Takeshi Kikuchi
President of IIJ-Tech
Senior Managing Director
Mr. Hitoshi Imafuku
Senior Managing Director of IIJ
Managing Director (1)
Mr. Takamichi Miyoshi
Director of IIJ
Managing Director and CFO (1)
Mr. Akihisa Watai
Director and CFO of IIJ
Director (Part-time) (3)
Mr. Yasurou Tanahashi
Director of IIJ (Part-time)
Director (Part -time) (3)
Mr. Takashi Hiroi
Director of IIJ (Part-time)
Director (Part -time) (3)
Mr. Junnosuke Furukawa
Director of IIJ (Part-time)
Director (Part -time) (3)
Mr. Shingo Oda
Director of IIJ (Part-time)
Director (Part -time) (Scheduled) (2)
Mr. Yoshifumi Nishikawa
(1) Mr. Senji Yamamoto, Mr. Takamichi Miyoshi and Mr.
Akihisa Watai will be promoted on April 1, 2010
(2) Mr. Takeshi Kikuchi and Mr. Yoshifumi Nishikawa will
be subjected to approval as IIJ's new Company Director at
the upcoming IIJ's Ordinary General Meeting of Shareholders
scheduled to be held in June 2010
(3) Outside Company Directors
(2) Company Auditors
New Title
Name
Current Title
Company Auditor (Full-time)(1)
Mr. Junichi Tate
Company Auditor of IIJ (Full-time)
Company Auditor of IIJ-Tech
(Part-time)
Company Auditor (Full-time) (Scheduled)(2)
Mr. Shunichi Kozasa
Company Auditor of IIJ-Tech
(Full-time)
Company Auditor (Part-time)(1)
Mr. Masaki Okada
Company Auditor of IIJ (Part-time)
Company Auditor (Part-time)(1)
Mr. Masaaki Koizumi
Company Auditor of IIJ (Part-time)
(1) Outside Company Auditors
(2) Mr. Shunichi Kozasa will be subjected to approval as
IIJ's new Company Auditor at the upcoming IIJ's Ordinary
General
Meeting of Shareholders scheduled to be held in June 2010
(3) Mr. Hirofumi Takahashi will resign from IIJ's Company
Auditor effective on the close of the upcoming IIJ's Ordinary
General
Meeting of Shareholders scheduled to be held in June 2010
(3) Executive Officers
New Title
Name
Current Title
Senior Executive Officer(1)
Mr. Tsutomu Yoshihara
Senior Managing Director of IIJ-Tech
Senior Executive Officer(2)
Mr. Chiaki Furuya
Managing Director of IIJ
Executive Managing Officer(1)
Mr. Masayoshi Tobita
Managing Director of IIJ-Tech
Executive Managing Officer(2)
Mr. Kazuhiro Tokita
Director of IIJ
Director of IIJ-Tech
Executive Managing Officer(2)
Mr. Junichi Shimagami
Director of IIJ
Executive Officer(2)
Mr. Kiyoshi Ishida
Director of IIJ
Executive Officer
Mr. Yasumitsu Iizuka
General Manager of Sales Department
for Public Sector
Executive Officer(1)
Mr. Kokichi Matsumoto
Director of IIJ-Tech
(1) Mr. Tsutomu Yoshihara, Mr. Masayoshi Tobita and Mr.
Kokichi Matsumoto will retire from IIJ-Tech's Director and become
IIJ's
Executive Officer on April 1, 2010
(2) Mr. Chiaki Furuya, Mr. Kazuhiro Tokita, Mr. Junichi
Shimagami and Mr. Kiyoshi Ishida will become IIJ's Executive
Officer on
April 1, 2010 and will resign from IIJ's Director effective on
the close of the upcoming IIJ's Ordinary General Meeting of
Shareholders scheduled to be held in June 2010
About IIJ
Founded in 1992, IIJ is one of Japan's leading Internet-access
and comprehensive network solutions corporate customers. IIJ's
services include high-quality systems integration and security
services, Internet access, hosting/housing, and content design.
Moreover, IIJ has built one of the largest Internet backbone
networks in Japan, and between Japan and the United States. IIJ was
listed on NASDAQ in 1999 and on the First Section of the Tokyo
Stock Exchange in 2006.
The Internet Initiative Japan Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4613
The statements within this release contain forward-looking
statements about our future plans that involve risk and
uncertainty. These statements may differ materially from actual
future events or results. Readers are referred to the documents
furnished by Internet Initiative Japan Inc. with the SEC,
specifically the most recent reports on Forms 20-F and 6-K, which
identify important risk factors that could cause actual results to
differ from those contained in the forward-looking statements.
CONTACT: Internet Initiative Japan Inc.
IIJ Investor Relations
+81-3-5259-6500
ir@iij.ad.jp
http://www.iij.ad.jp/en/IR
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