Bridgestone to Restructure International Tire Business Operations
Tokyo (May 9, 2014) - Bridgestone Corporation announced today that the Bridgestone Group will restructure its tire operations in China and Asia Pacific. This initiative will be undertaken in order to "upgrade the global management structure," which is identified as one of the Group's priority issues in the Mid-Term Management Plan 2013 (2013MTP). Currently, tire operations in China and Asia Pacific are managed by separate strategic business units (SBUs)*. By integrating these two SBUs, the Group will make more effective use of management resources, which will enable it to further global management, enhance governance in emerging countries and respond more promptly to the rapid changes in the markets.
The overview of the changes is as follows:
1. Scope(1) Bridgestone Asia Pacific Pte. Ltd. (BSAP), the regional head office for tire operations in Asia and Oceania, will expand its responsibility to include tire operation in China. BSAP will be reorganized as the head office (BSCAP) in charge for both BSAP and Bridgestone (China) Investment Co., Ltd. (BSCN), the current regional head office in China.
(2) With this reorganization, Directors of BSAP will be assigned as follows. They are expected to optimize management on a global basis and strengthen corporate governance.
| BSCAP Position | Name | Current Positions and Responsibilities as of May 9, 2014 | From July 1 |
| Member of the Board and CEO | Narumi Zaitsu | Senior Vice President and Member of the Board, Responsible for International Tire Business Operations, Bridgestone Corporation | (i) |
| Member of the Board and COO | Kunitoshi Takeda | Vice President and Officer, Asia Pacific, China, Middle East, Africa and Russia Tire Business Operations, Bridgestone Corporation | (ii) |
| Member of the Board | Shinichi Sato | Vice President and Officer of Bridgestone Corporation Seconded to Bridgestone Asia Pacific Pte. Ltd. Member of the Board, President of Bridgestone Asia Pacific Pte. Ltd.; Concurrently Seconded to Thai Bridgestone Co., Ltd. Member of the Board, Managing Director of Thai Bridgestone Co., Ltd. | (iii) |
| Member of the Board | Gary Garfield | Vice President and Senior Officer of Bridgestone Corporation Member of the Board, CEO and President of Bridgestone Americas, Inc. | (i) |
| Member of the Board | Franco Annunziato | Vice President and Senior Officer of Bridgestone Corporation Member of the Board, CEO and President of Bridgestone Europe NV/SA | (i) |
| Member of the Board | Christine Karbowiak | Vice President and Officer of Bridgestone Corporation Member of the Board, Chief Administrative Officer and Executive Vice President of Bridgestone Americas, Inc. | (i) |
| 1.Company name | :Bridgestone Asia Pacific Pte. Ltd. |
| 2.Location | :Singapore |
| 3.Representative | :Shinichi Sato (Effective from July 1, 2014, CEO will be Narumi Zaitsu and COO will be Kunitoshi Takeda) |
| 4. Ownership | :Bridgestone Corporation - 100% |
| 5.Establishment | :October, 2006 |
| 6.Number of employees | :100 employees (as of the end of 2013) |
| 1.Company name | :Bridgestone (China) Investment Co., Ltd. |
| 2.Location | :Shanghai, China |
| 3.Representative | :Hirotaka Migita |
| 4. Ownership | :Bridgestone Corporation - 100% |
| 5.Establishment | :October, 2004 |
| 6. Number of employees | :431 employees (as of the end of 2013) |
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