Ricoh Announces Change of Representative Director, President and Chief Executive Officer

Ricoh Company, Ltd. announces a personnel change of Representative Director, President and Chief Executive Officer as approved at a meeting of the Board of Directors held today, January 26th, 2017.

Since Mr. Miura became president of Ricoh in 2013, the Company, under his leadership, has been fully engaged in creating customer value through expanding its services and production printing businesses as well as fully launching its industrial business. Furthermore, the Company has cultivated new areas of value such as its sustainability management business. In addition, the Company is tackling changes in the business environment such as the decline in growth of office printing. In the spirit of these initiatives and to further bolster the business and reinforce the earnings structure, the company is announcing a number of changes to its top management.

Mr.Yoshinori Yamashita, currently Director Deputy President in charge of core business, General Manager of Business Solutions Group, will be Representative Director, President and Chief Executive Officer.

Mr. Zenji Miura will resign as Representative Director, President and Chief Executive Officer and will be appointed as Corporate Executive Advisor as of April 1st, 2017.

Mr. Shiro Kondo will resign as a Representative Director and he will remain Chairman and Member of the Board of Directors as of April 1st, 2017.

Mr. Nobuo Inaba will be appointed as Chairman of the Board as of April 1st, 2017