Feb. 24, 2012

On February 24, 2012, the Board of Directors decided on the following appointment for the office of President and CEO, effective upon a resolution at the Annual Shareholder's Meeting on 27 June, 2012. This new appointment synchronizes with the launching of and invigorates the next 4 year middle term corporate plan aimed at the growing corporate value of TOYO.

Name Yutaka Yamada Katsumoto Ishibashi
New Position Advisor President & CEO
Current Position President & CEO Senior Exective Officer

Brief Biography of newly assigned President & CEO is as follows:

Katsumoto Ishibashi's Brief Biography
Business Career
March, 1977  Graduated, Mechanical Engineering, Tokyo University
April, 1977 Joined Toyo Engineering Corporation
April, 2005 General Manager of Project Management and Control Unit, Plant Engineering Center
June, 2007 Deputy General Manager of Plant Engineering Center /
General Manager of Project Management and Control Unit
May 2009 Executive Officer, Deputy General Manager of Plant Engineering Center
July, 2009 Division Director of Plant Engineering Center
April, 2010  Senior Executive Officer, Division Director of Plant Engineering Center
May 2011 Deputy Division Director of International Sales and Marketing Unit /
General Manager of Americas Sales and Marketing Division, International Sales and Marketing Unit
Age
57 years old

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