February 8, 2024

Subaru Corporation Announces Organizational and Management Changes
(Effective March 31, 2024 and April 1, 2024)

Tokyo, February 8, 2024 – Subaru Corporation announces the following organizational and management changes, effective March 31, 2024 and April 1, 2024.

Since the establishment of the new management structure in June 2023, Subaru Corporation has been making various business announcements, starting with the outline of the New Management Policy in August 2023.
Meanwhile, the business environment continues to change non-linearly and at an unprecedented speed.
In response to these significant changes in the external environment, the Company will implement the following organizational and management changes, including the reassignment of executive officers and changes in their areas of responsibility, with the primary goal of accelerating the "manufacturing innovation" and "value creation" initiatives outlined in the New Management Policy. With these changes, Subaru aims to accelerate efforts in its core focus initiatives and achieve overall optimization by strengthening the cross-functional structure within company-wide organizations and clearly defining management responsibilities.

1. Organizational Change (Effective April 1, 2024)

(1) Establishment of five new CXO (Chief X Officer) positions in the automotive business unit:

Title Mission
Chief Monozukuri Officer: CMzO Lead efforts to halve the development process and lead time, halve the configuration and number of parts, and halve the production process and lead time.
Drive initiatives to achieve world-leading Monozukuri Innovation.
Chief Battery Business Officer: CBBO Lead the overall advancement of the battery business, including ensuring stable procurement, competitiveness, and business viability.
Chief Digital Car Officer: CDCO Drive initiatives to achieve world-leading Value Creation through the digitalization of automobiles.
Chief Connected Business Officer: CCBO Drive initiatives to achieve world-leading Value Creation, primarily in the “out-car” domain.
Chief Cost Innovation Officer: CCIO Lead and oversee company-wide efforts to achieve cost competitiveness.

(2) Reorganize and strengthen the organization and functions related to Monozukuri Innovation and Value Creation:

1. Establishment of the Value Strategy Office

To enhance the product portfolio strategy function, the Value Strategy Office will be newly established within the Corporate Planning Division.

2. Functional reorganization of the Product & Portfolio Planning Division

The Product & Portfolio Planning Division will be renamed the Product Business Division and will specialize in the ICE products (including HEVs). The division will be involved in the planning and development of ICE products, with a focus on maintaining and enhancing the competitiveness of these products. It will also advance efforts to strengthen after-sales product competitiveness as well as "value retaining" initiatives.

2. Promoted Officer (Effective April 1, 2024)

Senior Vice President

Ikuo Watanabe
Current title:

Vice President
Chief General Manager of Monozukuri Div.
Chief General Manager of Gunma Plant

3. Newly-appointed Officers (Effective April 1, 2024)

Vice President

Eiji Shibata
Current title:

General Manager, ADAS Development Dept., Engineering Div.
Senior Project General Manager, Engineering Div.

Vice President

Nobuyuki Bando
Current title:

Senior General Manager, Monozukuri Div.

Vice President

Yuri Tsuji
Current title:

Senior General Manager, IT Strategy Div.
General Manager, Cybersecurity Dept., IT Strategy Div.
Senior General Manager, General Administration Dept.

Vice President

Hideyuki Kusabuka
Current title:

Senior General Manager, Engineering Div.
General Manager, Engineering Administration Dept., Engineering Div.
General Manager, Human Resources Dept.

4. Retiring Officers (Effective March 31, 2024)

- Shoichiro Tozuka
Current title: Senior Vice President, Company President of Aerospace Company
Appointed as Advisor of Subaru Corporation, effective April 1, 2024.

- Yasushi Nagae
Current title: Vice President, General Manager of Investor Relations Dept. and General Administration Dept.
Appointed as Director and Executive Vice President of Subaru Living Service Co., Ltd., effective April 1, 2024.

- Tatsuya Okuno
Current title: Vice President, Chief General Manager of Customer Service Div.
Appointed as Director and Executive Vice President of Subaru Auto Accessories Ltd., effective April 1, 2024.

5. Changes to Executive Officers’ Areas of Responsibility (Effective April 1, 2024)

Name Effective April 1, 2024 Current
Atsushi Osaki
President
- Chief Executive Officer (CEO) - Chief Executive Officer (CEO)
- Aerospace Company
Fumiaki Hayata
Deputy President
- Secretarial Office
- Human Resources Dept.
- Sales
- Marketing
- Cost
- Purchasing
- Secretarial Office
- Human Resources Dept.
- Sales
- Marketing
Tatsuro Kobayashi
Senior Vice President
- Chief Battery Business Officer (CBBO) - Human Resources Dept.
General Manager of Human Resources Dept.
Osamu Eriguchi
Senior Vice President
- Chief Quality Officer (CQO)
- Quality Assurance Div.
- Customer Service Div.
- Chief Quality Officer (CQO)
- Quality Assurance Div.
Chief General Manager of Quality Assurance Div.
General Manager of Quality Assurance Management Office
Chief General Manager of Customer Service Div.
Chief General Manager of Quality Assurance Div.
General Manager of Quality Assurance Management Office
Kazuhiro Abe
Senior Vice President
- Chief Connected Business Officer (CCBO) - Chief Information Officer (CIO)
- IT Strategy Div.
Chief General Manager of IT Strategy Div.
Shinsuke Toda
Senior Vice President
- Overseas Sales & Marketing Div. 2
- Corporate Planning Div.
- Corporate Communications Dept.
- Investor Relations Dept.
- Overseas Sales & Marketing Div. 2
- Corporate Planning Div.
Senior General Manager of Overseas Sales & Marketing Div. 2
Senior General Manager of Corporate Planning Div.
Senior General Manager of Overseas Sales & Marketing Div. 2
Senior General Manager of Corporate Planning Div.
Ryota Fukumizu
Senior Vice President
- Monozukuri Div. - Subaru of Indiana Automotive, Inc.
Chief General Manager of Monozukuri Div.
Chief General Manager of Gunma Plant
President of Subaru of Indiana Automotive, Inc.
Ikuo Watanabe
Senior Vice President
- Chief Monozukuri Officer (CMzO)
- Engineering Div.
- Monozukuri Div.
Senior General Manager of Engineering Div. Chief General Manager of Monozukuri Div.
Chief General Manager of Gunma Plant
Shinichi Murata
Vice President
- Risk Management Group
- External Relations Dept.
- Intellectual Property Dept.
- General Administration Dept.
- Sustainability Promotion Dept.
- Risk Management Group
- External Relations Dept.
- Intellectual Property Dept.
General Manager of Risk Management & Compliance Office General Manager of Risk Management & Compliance Office
Kazuki Uejima
Vice President
- Product Business Div. - Product & Portfolio Planning Div.
Chief General Manager of Product Business Div. Chief General Manager of Product & Portfolio Planning Div.
Akihiro Kato
Vice President
- Parts & Accessories Div. - Japan Sales & Marketing Div.
Chief General Manager of Parts & Accessories Div. Chief General Manager of Japan Sales & Marketing Div.
Katsufumi Nakazawa
Vice President
- Japan Sales & Marketing Div. - Parts & Accessories Div.
Chief General Manager of Japan Sales & Marketing Div. Chief General Manager of Parts & Accessories Div.
Kosuke Kawai
Vice President
- Chief Cost Innovation Officer (CCIO)
- Cost Innovation Promotion Office
- Corporate Planning Div.
- Engineering Div.
- Product Business Div.
- Purchasing Div.
- Cost Innovation Promotion Office
- Corporate Planning Div.
General Manager of Cost Innovation Promotion Office
Senior General Manager of Corporate Planning Div.
Senior General Manager of Engineering Div.
Senior General Manager of Product Business Div.
Senior General Manager of Purchasing Div.
General Manager of Cost Innovation Promotion Office
Senior General Manager of Corporate Planning Div.
Yoshihiro Saito
Vice President
- Aerospace Company - Aerospace Company
Company President of Aerospace Company Company Vice President of Aerospace Company
Yoichi Hori
Vice President
- CTO Strategy Office
- Corporate Planning Div.
- CTO Strategy Office
- Corporate Planning Div.
General Manager of CTO Strategy Office
Senior General Manager of Corporate Planning Div.
General Manager of Value Strategy Office
General Manager of CTO Strategy Office
Senior General Manager of Corporate Planning Div.
General Manager of Corporate Planning Dept.
Eiji Shibata
Vice President
(Newly-appointed)
- Chief Digital Car Officer (CDCO)
- Engineering Div.
General Manager of ADAS Development Dept.
Senior Project General Manager
Senior General Manager of Engineering Div.
Nobuyuki Bando
Vice President
(Newly-appointed)
- Subaru of Indiana Automotive, Inc. Senior General Manager of Monozukuri Div.
Chairman of Subaru of Indiana Automotive, Inc.
Yuri Tsuji
Vice President
(Newly-appointed)
- Chief Information Officer (CIO)
- IT Strategy Div.
Senior General Manager of IT Strategy Div.
General Manager of Cybersecurity Dept.
Senior General Manager of General Administration Dept.
Chief General Manager of IT Strategy Div.
Hideyuki Kusabuka
Vice President
(Newly-appointed)
- Human Resources Dept. Senior General Manager of Engineering Div.
General Manager of Engineering Administration Dept.
General Manager of Human Resources Dept.
General Manager of Human Resources Dept.

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