2010/04/26

Kanebo Cosmetics Inc. to Establish a Chairman Position for the Board of Directors

In order to enrich the governance structure of the management of Kanebo Cosmetics Inc. and its group companies, Kao Corporation (President and CEO: Motoki Ozaki) established a new chairman position for the Board of Directors of Kanebo Cosmetics Inc.

Mr. Hiroshi Kanda (Kao Corporation: Representative Director, Executive Vice President, Global Consumer Products Business) is planned to be inaugurated for this position (part-time). The formal announcement of this newly established position as well as Mr. Kanda's inauguration is scheduled after the meeting of the Board of Directors' resolution, following the Annual General Meeting of Shareholders of Kanebo Cosmetics Inc. to be held on June 9th, 2010.