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CANON U.S.A., INC. ANNOUNCES NEW PRESIDENT AND CEO3/30/2005
Canon U.S.A., Inc., headquarters for
Canon operations in North, Central and South America and the Caribbean, has
announced the appointment of Yoroku Adachi as the company's new President and CEO
effective today. Adachi also becomes a Managing Director on Canon Inc.'s Board of
Directors. Canon U.S.A., Inc.'s current President and CEO, Kinya Uchida, will return to
Canon Inc. to serve as Advisor at the Company's Tokyo headquarters.
Uchida was appointed President and CEO of Canon U.S.A., Inc. in 1999. Under his
leadership, Canon U.S.A.'s sales and revenues grew 16 percent from 1999 through
2004. The company achieved $10 billion in sales in 2004.
"My time as President and CEO of Canon U.S.A., Inc. was one of the most rewarding
experiences of my career," said Uchida. "It has been an honor and a privilege to work
with the many employees, clients and customers I have met during my time here.
Together, we have accomplished a great deal. I am confident Mr. Adachi will continue
to expand on this success," added Uchida.
"I look forward with great enthusiasm to my new assignment as President and CEO of
Canon U.S.A., Inc.," said Adachi. "I am grateful to Mr. Uchida for building a strong
foundation here in the Americas. I will work tirelessly to continue to expand on Canon
U.S.A.'s product offerings, portfolio of services, and relationships with dealers and
customers. There are tremendous challenges and opportunities here in North America.
With the help and support of all employees, I know we will achieve great things in the
Adachi joined Canon Inc. in 1970, and worked at Canon U.S.A. from 1978 through
1992. He returned to Canon Inc. in 1992, and in 1993 was named General Manager of
the Photo Products Marketing Management Division. In 1997 he became Deputy Group
Executive of the Photo Products Group.
In 1998, Adachi was named President of Canon Canada, where he led the Company
through the transition from analog to digital products and revitalized the distribution
channels for the Company's office imaging systems operation.
Adachi was appointed President and CEO of Canon China and Canon Hong Kong, and
Chairman of Canon Singapore in 2001. Adachi led Canon's Asian operations during a
time of tremendous growth throughout the region. Under his leadership, sales in Asia
increased 61 percent, from $1,460 million in 2001 to $2,350 million in 2004. Sales in
China grew 75 percent, from $258 million in 2001 to $451 million in 2004.
About Canon U.S.A.
Canon U.S.A., Inc. delivers consumer, business-to-business, and industrial imaging
solutions. The Company is listed as one of Fortune's Most Admired Companies in
America and is rated #35 on the BusinessWeek list of "Top 100 Brands." Its parent
company Canon Inc. (NYSE: CAJ) is a top patent holder of technology, ranking third
overall in the U.S. in 2004, with global revenues of $33.3 billion. For more information,