Establishment of Toshiba Memory Holdings Corporation

March 1, 2019 – TOKYO – Toshiba Memory Holdings Corporation today was incorporated as the parent company of its wholly owned subsidiary company, Toshiba Memory Corporation, through a sole-share transfer.
 

 

Under the new structure, Toshiba Memory Holdings aims to contribute to the value of Toshiba Memory Corporation and its respective subsidiary companies, including by strengthening governance through enhanced management and oversight of group companies and by assuming responsibility for group strategy including M&A, resource allocation, risk management and fund raising.
 

 

The new structure will also allow Toshiba Memory Corporation to streamline its operations and decision-making as well as concentrate on its core competences of R&D, manufacturing, marketing and sales of memories and SSD products.
 

 

Toshiba Memory Holdings Corporation
Address 1-21 Shibaura 3-chome, Minato-ku, Tokyo
President and CEO Naruke Yasuo
Capital 10 billion yen
Shareholders BCPE Pangea Cayman, L.P. (49.9%)
Toshiba Corporation (40.2%)
Hoya Corporation (9.9%)
Note: Based on ownership of voting rights
Business Group strategy formulation and management oversight
Directors Yasuo Naruke
Stacy J. Smith
Yuji Sugimoto
David Gross-Loh
Masashi Suekane
Hiroshi Suzuki
Stephen Pagliuca
Employees Approx. 80
Toshiba Memory Corporation
Address 1-21 Shibaura 3-chome, Minato-ku, Tokyo
President and CEO Naruke Yasuo
Capital Approx. 473.4 billion yen
Shareholder Toshiba Memory Holdings Corporation (100%)
Business Development, manufacture and sales of memory and related products, and related business
Employees Approx. 9,000

Information in this document, including product prices and specifications, content of services and contact information, is correct on the date of the announcement but is subject to change without prior notice.

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