News Releases

1/10/2001

Hitachi Koki Imaging Solutions Names Kikuchi CEO, President Following Management Reorganization

Jan 10, 2001 09:09 AM

25-Year Hitachi Veteran Brings Digital Printer Engineering, Business Management Focus to Lead Company's New Strategic Direction

SIMI VALLEY, CALIF, Jan. 9, 2001-The board of directors of Hitachi Koki Imaging Solutions, Inc. (HiKIS), a global leader in the digital networked printer market, announced Motohisa Nishihara has relinquished his responsibilities as Chairman and Chief Executive Officer to devote his efforts full-time at the parent company, Hitachi Koki Company, Ltd. (HKK), one of the world's most advanced printer manufacturers. HiKIS board member Yasuyuki Tsuji has been elected chairman, succeeding Nishihara at HiKIS.

Yasuo Kikuchi, HiKIS deputy chairman and deputy chief executive officer, succeeds Nishihara as chief executive officer and also assumes additional responsibilities as president, succeeding Michael T. Stramaglio, who has left the company. Gary Campbell assumes Stramaglio's role as chief operating officer.

HiKIS said the management changes reflect a new strategic direction, focusing on its core competencies in engineering and software development. Noting that analog products are rapidly phasing out of the market place, the company said it is positioning itself to deliver technologically superior products and services that meet the digital document printing, copier and distribution requirements of today's globally-connected businesses.

Kikuchi brings a long history of digital printer engineering and business management experience to his newly expanded position. He initially joined HKK in 1975 following his graduation from Tohoku University with a Master of Science degree in physics. While at HKK, he was responsible for both the engineering and business management of the laser printer engineering team, and he managed the development of many of Hitachi's highly successful laser printer products. In 1995, he was named general manager of printer design for HKK's Printer Division, directing the work of more than 100 engineers, and joined HiKIS four years later.

About Hitachi Koki Imaging Solutions, Inc.

Founded in 1962, Hitachi Koki Imaging Solutions, Inc. (HiKIS) is recognized worldwide for its innovations in printing solutions. HiKIS is a subsidiary of Hitachi Koki Co. Ltd., one of the world's most advanced printer manufacturers, and part of the $75 billion Hitachi Group of companies. The HiKIS/Hitachi Koki team combines world-class print engines, print controllers, software technology and imaging supplies to make it a global leader in the development and manufacturing of the most powerful, yet easy-to-use, digital printers.

Hitachi, Ltd., headquartered in Tokyo, Japan, is one of the world's leading global electronics companies with fiscal 1999 (ended March 31, 2000) consolidated sales of 8,001 billion yen ($75 billion*). The company manufactures and markets a wide range of products, including computers, semiconductors, consumer products, and power and industrial equipment.

For more information on Hitachi, Ltd., please visit Hitachi's Web site at http://www.hitachi.co.jp. For more information on Hitachi Koki Co., Ltd., please visit their web site at http://www.hitachi-koki.co.jp. For more information on Hitachi Koki Imaging Solutions, please contact Eric Kreis, marketing communications manager, at ekreis@hitachi-hkis.com or visit the Web site at www.hitachi-hkis.com.

*At an exchange rate of 106 yen to the dollar

For Media/Investor Inquiries, please contact:

Gerard F. Corbett
Hitachi America, Ltd.
Vice President
Corp. Communications Group
Tel:(650) 244-7900
Fax: (650) 244-7920
gerard.corbett@hal.hitachi.com

Jay A. Clark
Eiler Communications
Tel: (650) 548-9088
jay@eiler.com

Eric Kreis
Marketing Communications Manager
Hitachi Koki Imaging Solutions, Inc.
Tel: (805) 578-4292
ekreis@hitachi-hkis.com

For all other inquiries please call:
1-800-HITACHI

If you have any questions specifically about Investor Relations in the United States, please contact our Investor Relations Department at investor.info@hal.hitachi.com