Japex Announces Appointment of Executives & Change of Organizations

Source: www.gulfoilandgas.com 2/9/2024, Location: Asia

Japan Petroleum Exploration Co., Ltd.(JAPEX, Headquarters: Chiyoda-ku, Tokyo, Representative Director, and President: FUJITA Masahiro) decided the change of executive officers as of April 1, 2024, as follows. The change of Directors and Audit & Supervisory Board Members, which will be subject to the resolution at the 54th ordinary general meeting of shareholders to be held on June 2024, will be announced upon its decision.

In addition, we would like to announce the establishment of the "Japan Carbon Neutral Division" as of April 1, 2024, to enhance our business in the carbon neutral field in Japan.

1. Change of Executive Officers (as of April 1, 2024) * Changes are underlined
1) New Executive Officer
Name: HIRATAKazunari
New Position:
Executive Officer
Vice President of Overseas Business Division I
General Manager of Business Development Dept. I of Overseas Business Division I
Current Position:
General Manager of Business Development Dept. I of Overseas Business Division I

2) Promotion of Executive Officers
Name: NAGAHAMA Yasushi
New Position:
Managing Executive Officer
Vice President of Marketing & Sales Division, General Manager of Hokkaido Marketing & Sales
Office of Marketing & Sales Division
Current Position: Executive Officer
Vice President of Marketing & Sales Division,
General Manager of Hokkaido Marketing & Sales Office of Marketing & Sales Division

Name: FUNATSU Jiro
New Position: Managing Executive Officer
In charge of Administration & Legal Dept., and
Human Resources Dept.
Current Position: Executive Officer
In charge of Internal Control, Administration
& Legal Dept., and Human Resources Dept.

3) Changes of the business in charge of Executive Officers
Name: IKENO Tomonori
New Position: Managing Executive Officer In charge of Japan Carbon Neutral Division
Current Position: Managing Executive Officer In charge of Environmental Business
Promotion Dept., and New Business
Promotion Dept.
Name: NISHIMURA Yutaka
New Position: Executive Officer In charge of Finance & Accounting Dept., and
Deal Execution/PMI Support Dept.
Current Position: Executive Officer,
Advisor to Executive in charge of Finance & Accounting Dept.
General Manager of Deal Execution/PMI
Support Dept.

2. Change of Organizations aiming at responding the carbon neutral field in Japan (as of April 1, 2024) We have established the "JAPEX 2050" as our response towards realization of the carbon-neutral society in 2050, and in the "Management Plan 2022-2030," we have set forth the launch of hub-and-cluster type CCS/CCUS model business by FY2030 as a specific initiative.

To smoothly promote carbon neutral business initiatives, including domestic CCS business, the Environmental Business Promotion Dept. and the New Business Promotion Dept. will be merged into a new Japan Carbon Neutral Division. The new division will consist of the Business Development Dept. I and the Business Development Dept. II, which will promote commercialization, and the Storage Engineering Dept. and the Pipeline & Facility Engineering Dept., which will oversee technology-related operations in the carbonneutral business.


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