Archived content
NOTE: this is an archived page and the content is likely to be out of date.
Announcement Regarding Disciplinary Actions
Fujitsu Limited
Tokyo, November 25, 2005
Following a meeting of its Board of Directors today, Fujitsu Limited announced disciplinary actions in regard to the loss of society's confidence in the vitally important large-scale infrastructure systems resulting from the recent incidents involving disruptions to stock exchanges due to system malfunctions. The disciplinary actions taken represent recognition of management's responsibility as well as reaffirmation by senior executives and all Fujitsu employees of the importance of Fujitsu's role in supporting customers' systems. The disciplinary actions are as follows.
1. Reduction in executives' remuneration (from December)
|
Hiroaki Kurokawa
President |
50% reduction in monthly pay for 6 months |
Michiyoshi Mazuka
Corporate Executive Vice President
President, Solution Business Support Group |
25% reduction in monthly pay for 6 months |
Koichi Hironishi
Corporate Senior Vice President
President, Financial Solutions Business Group |
25% reduction in monthly pay for 6 months |
Yoshifumi Mita
Corporate Vice President
President, Financial Solutions Business Group |
10% reduction in monthly pay for 6 months |
Masamichi Ogura
Corporate Executive Vice President |
10% reduction in monthly pay for 3 months |
Toshihiko Ono
Corporate Executive Vice President |
10% reduction in monthly pay for 3 months |
Chiaki Ito
Corporate Executive Vice President |
10% reduction in monthly pay for 3 months |
2. Other actions
Strict censure is being issued to Koichi Hironishi, Yoshifumi Mita and Masaaki Hamaba (President, Insurance and Securities Systems Solution Unit).
In addition, at his own request, Naoyuki Akikusa, Chairman, will voluntarily forgo 50% of his monthly pay for 6 months.
Fujitsu again expresses sincere regret for the inconvenience to many parties.
About Fujitsu
Fujitsu is a leading provider of customer-focused IT and communications solutions for the global marketplace. Pace-setting device technologies, highly reliable computing and communications products, and a worldwide corps of systems and services experts uniquely position Fujitsu to deliver comprehensive solutions that open up infinite possibilities for its customers' success. Headquartered in Tokyo, Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.7 trillion yen (US$44.5 billion) for the fiscal year ended March 31, 2005. For more information, please see www.fujitsu.com
Press Contacts
Public and Investor Relations Division
Inquiries
Company:Fujitsu Limited
Date: 25 November, 2005
City: Tokyo
Company:
Fujitsu Limited,
,
,
,
,