Kubota Changes Board of Direction Starting From January 2022

Mr. Shingo Hanada, CEO & President of Kubota Holdings Europe B.V. and Kverneland Group, has been given a new assignment as Managing Executive Officer and President of Kubota North America Corporation and President of Kubota Tractor Corporation and will be leaving his current position as from January 1st 2022.

At the same date Mr. Yasukazu Kamada will replace Mr. Hanada as President of Kubota Holdings Europe B.V. and of Kverneland AS.

Mr. Kamada entered Kubota Corporation in 1983, and has been working for Kubota for almost 40 years in various management positions in Japan and the United States. In his last position he was Managing Executive Officer and General Manager of the Engine Division.

Mr. Nobushige Ichikawa, President of Kubota Europe S.A.S. and President of the Business Unit Tractor Europe has been given a new assignment as Senior Executive Officer and GM of the Compact Tractor Division and will be leaving his current position as from January 1^st 2022.

At the same date Mr. Shinichi Yamada will replace Mr. Ichikawa as President of the Business Unit Tractor Europe and Mr. Patrick Verheecke will replace Mr. Ichikawa as President of Kubota Europe S.A.S. and will also be assigned as Executive Vice President of the Business Unit Tractor Europe.

Mr. Yamada entered Kubota Corporation in 1991, and has been working for Kubota in various management positions in Germany, United Kingdom and Japan. From 2012 to 2014 he has been President of Kubota Deutschland GmbH. In his last position he was General Manager of the Agricultural Tractor Business Development Department.

Mr. Verheecke is coming from our Implements Business Unit Kverneland Group where he has been Executive Vice President of the Arable Systems Division for the last 5 years. Before this position he was Managing Director of Kverneland Group France and in the period 2007 to 2014 he was CEO of Grégoire Group and in addition CEO of SAME Deutz-Fahr (SDF) France. From 1985 until 2007 he had several management positions within Kverneland Group.