Konica Minolta Holdings, Inc.
Konica Minolta Photo Imaging, Inc. / Konica Minolta Camera, Inc.
February 19, 2004
Konica Minolta Names New CEO to Lead New Konica Minolta Photo Imaging, Inc.
Konica Minolta Holdings, Inc. (president: Fumio Iwai) announces the unofficial appointment of Hideaki Iwama as President and Chief Executive Officer of Konica Minolta Photo Imaging, Inc. a wholly owned new business company to be formed on April 1, 2004, by merging Konica Minolta Photo Imaging, Inc. and Konica Minolta Camera, Inc.
The current President of Chief Executive Officer of Konica Minolta Camera, Inc. will be named Vice President of the new Konica Minolta Photo Imaging, Inc.
Iwama joined Konica Corporation (formerly Konishiroku Photo Ind. Co., Ltd.) in 1966 after graduating from Faculty of Engineering, Yokohama National University. Since then, he has a wealth of experience in the photographic industry. He became General Manager of International Sales and Marketing of Graphic Arts Division in 1984, and became President and CEO of Konica Imaging U.S.A., Inc. in 1990. Back in Japan in 1998, he took the post of General Manager of Management Planning within Corporate Planning Dept. In 2001, he rose to the position of Executive Officer and Company President of Consumer Imaging Company, an internal company of Konica Corporation. After the management integration with Minolta Co., Ltd. in August 2003, he became Senior Executive Officer of Konica Minolta Holdings, Inc. and President and CEO of Konica Photo Imaging Corporation. Currently, after the business reorganization of Konica Minolta Group in October 2003, he is Senior Executive Officer of Konica Minolta Holdings, Inc. and President and CEO of Konica Minolta Photo Imaging, Inc.
Cautionary Statement Regarding Forward-Looking Statements:
This press release includes forward-looking statements that reflect the plans and expectations of Konica Minolta Holdings, Inc. To the extent that statements in this press release do not relate to historical or current facts, they constitute forward-looking statements. The forward-looking statements are based on the current assumptions and beliefs of Konica Minolta Holdings, Inc. in light of the information available to it, and involve known and unknown risks and uncertainties. Potential risks and uncertainties include, but are not limited to, the ability of Konica Minolta Holdings, Inc. to integrate the operations of Konica Corporation and Minolta Co., Ltd. effectively, as well as the factors identified under "Forward-Looking Statements" of the Annual Report 2002 of Konica Corporation and "Disclaimer Regarding Forward-Looking Statements" of the Annual Report 2002 of Minolta Co., Ltd. Such risks, uncertainties and other factors may cause the actual results, performance or financial position of Konica Minolta Holdings, Inc. to differ materially from those expressed or implied in the forward-looking statements. Konica Minolta Holdings, Inc. undertakes no obligation to update publicly any forward-looking statements after the date of this press release.