Isuzu Motors Limited (headquartered in Yokohama, Kanagawa; Masanori Katayama, President and Representative Director; hereafter the Company) announces the following organizational changes, promotions and job changes and personnel changes effective April 1.

Notice

Aim

Changes will be made to the board structure and organizational structure with the aim of accelerating the development of carbon-neutral products and using them as a point of origin for the upcoming HR reform, which will make the mission and scope of each position more easily understood in the global context.

Key points of organizational reform

Changes to the Executive Officers

1. 1CEO (Chief Executive Officer), COO (Chief Operating Officer) are appointed to improve the entire area of technology, products, human resources development, corporate governance and among other things, as well as to formulate long-term management strategies and reform the HR system.
   EVP (Executive Vice President), SVP (Senior Vice President) and VP (Vice President) replace Division Executive, Deputy Division Executive, Associate Division Executive and Executive
   CEO: Responsible for the management of the company and decide the management policy and transformation strategies.
   COO: Supervise the business execution of the company in accordance with the policies set forth by CEO.
   EVP/SVP: Pursue the mission of leading change from management perspectives and address strategic challenges in areas of responsibility
   VP: As a leader of business execution, address business challenges arising from the areas and departments in charge
2. 2To accelerate a final-year ramp-up for the new HR system, the position of HR System Transformation Officer was created.

Division-level changes

A new Carbon Neutral Strategy Division is newly established to consolidate internal resources related to the development of carbon neutral products in order to accelerate commercialization and decision-making, and to centrally control resources and know-how developed through collaboration with external partners.

Department-level changes

1. 1To ensure the functional independence within the organization and advance specialization, the Legal Dept. is made independent of the Administration Division, and also the risk management and compliance management functions are moved from the Legal Dept. to the newly established Risk Management Dept.
2. 2The PR and Government Relations Dept. is divided into the Public Relations Dept. and Government Affairs Dept. to enhance the level of their expertise and strengthen their functions.
3. 3The CJP Strategic Planning Dept. is moved to the Corporate Strategy Division so as to strengthen the connection between the CJP project promotion function and government affairs function.
4. 4Isuzu Motors Sales LTD. transfers all of its domestic business management functions to the Company, which creates the Japan Sales Dept., Fleet Sales Dept. No. 1, Fleet Sales Dept. No. 2 and Japan Aftersales Support Dept. in order to improve and strengthen the functions for the future, while taking full charge of Isuzu's domestic sales, including the UD Trucks business.
5. 5LCV Business Dept. is made independent of the Sales Division and its business responsibilities are clarified.
6. 6By closing the Sales Operation Dept. and transferring its functions and resources to the Sales Planning Dept. and Regional Management Office, it enables the Company to build and strengthen a structure whereby it can collect information from a position closer to overseas markets, share feedback internally and disseminate information to overseas markets.
7. 7The FCV & New Energy Promotion Dept., xEV System Engineering Dept. and NGV Planning & Engineering Dept. are abolished, and their functions and resources are coordinated to form the Carbon Neutral Strategy Division (new), which consists of CN Technology Management Dept., xEV System Development Dept. No.1, xEV System Development Dept. No.2, xEV Planning & Engineering Dept. and CN Product Planning & Engineering Dept.
8. 8PT Alliance Planning Dept. is closed and the function of promoting collaboration with Cummins Inc. is transferred to Powertrain Business Planning Dept.
9. 9Powertrain Manufacturing Dept. No.1 and Powertrain Manufacturing Dept. No.2 are moved from Industrial Solutions & Powertrain Business Division to Manufacturing Division.

Following the reorganization, the number of departments will increase by 1 from 12 to 13, and the number of departments will increase by 6 from 107 to 113.

[Changes in Directors as of April 1]

[Changes in Executive Officers as of April 1]

[Retirement of Executive Officers as of April 1]

[New Candidates for Directors and Directors scheduled to retire]

[Personnel Changes as of April 1]

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