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Announcement of organizational restructuring and staff reassignment

Taiyo Oil will carry out organizational restructuring and staff reassignment at its Shikoku Operations as of 1 April 2010.

Organizational restructuring

The organizational structure of our Shikoku Operations will be modified, as follows:

A.Changes

  1. The Refining Department will be renamed "Refining Department 1".
  2. The Shikoku Operations RFCC Project Operation Group will be delinked from the control of the Shikoku Operations RFCC Project and a new department, "Refining Department 2", will be set up.
  3. The work formerly carried out by the Shikoku Operations RFCC Project Environment Control & General Affairs Group will be reallocated to the General Affairs Department and to the Environment & Safety Conservation Department.
  4. B.Rationale

    As construction of the enhanced residue-fluid-catalytic cracking (RFCC) system on the premises of Shikoku Operations has entered its final phase, consolidation of the Shikoku Operations RFCC Project and existing departments will be facilitated on a phased basis with a view to assuring a smooth startup of operation of the system.

    Staff reassignment

    Fujio Kuroiwa (Auditing Department at Head Office)
    Manager of Auditing Department
    Yoji Ochi (DEPUTY GENERAL MANAGER, SHIKOKU OPERATIONS - cum - GENERAL MANAGER of Refining Department)
    DEPUTY GENERAL MANAGER, SHIKOKU OPERATIONS - cum - GENERAL MANAGER of Refining Department 1
    Takayasu Matsuura (Leader of Shikoku Operations RFCC Project Operation Group - cum - Head of the Operation Team)
    General Manager of the Refining Department 2, Shikoku Operations
    Noriyuki Ochi (DEPUTY GENERAL MANAGER of Refining Department, Shikoku Operations)
    DEPUTY GENERAL MANAGER of Refining Department 1, Shikoku Operations
    Taichi Tomochika (Operation Team, Operation Group, Shikoku Operations RFCC Project)
    MANAGER of Refining Department 2, Shikoku Operations