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Recruit Holdings Co., Ltd. Announces Changes in Corporate Executive Officers

Feb 27, 2018

Recruit Holdings Co., Ltd. (TSE 6098) ("Recruit Holdings" or the "Company") announced today changes in Corporate Executive Officers effective April 1, 2018.

1. Purpose of the Changes in Corporate Executive Officers

Recruit Holdings and its subsidiaries (collectively, the "Recruit Group") will begin operating under a new group management structure effective April 1, 2018, as a result of the Group Reorganization.

This new management structure will allow the Company to focus on its holding company functions with a highly efficient group management structure including group governance, monitoring and managing systems for the group companies' operating performance and financial data. Each Strategic Business Unit ("SBU's") will strengthen its management capabilities at its respective SBU headquarters to develop their businesses more quickly in line with business strategies.

Under this new structure, the Recruit Group aims to increase enterprise value and accelerate the development of its next generation of leaders.

In accordance with the launch of this new structure, the Company's Board of Directors resolved the new executive structure and leadership team.

2. New Executive Structure (as of April 1, 2018)

1. Recruit Holdings Corporate Executive Officers

Name Position Responsibilities
Masumi Minegishi President and CEO Internal Audit
Shogo Ikeuchi Senior Managing Corporate Executive Officer Corporate Planning Division
Human Resource Division
Keiichi Sagawa Senior Managing Corporate Executive Officer Finance Division
Risk Division
General Affairs
Hisayuki Idekoba Senior Managing Corporate Executive Officer Business Operations Division
HR Technology Segment
RGF OHR USA, Inc. CEO
Yoshihiro Kitamura Managing Corporate Executive Officer Media & Solutions Segment
President and Representative Director,
Recruit Co., Ltd.
Rob Zandbergen Managing Corporate Executive Officer Staffing Segment
Recruit Global Staffing B.V. CEO
Junichi Arai Corporate Executive Officer Capital Market Strategies
Corporate Planning
Hiroaki Ogata Corporate Executive Officer Business Development
Ayano Senaha Corporate Executive Officer Corporate Planning
Corporate Communication
Talent Management
Iwaaki Taniguchi Corporate Executive Officer Finance / Accounting / Tax
Mark Schultz Corporate Executive Officer Legal / Compliance/ Information Security

2. Media & Solutions Segment: Recruit Co., Ltd.

Corporate Executive Officers and Corporate Officers

Name Position Responsibilities
Yoshihiro Kitamura President Small Business Support Business
Financial Business
Health Care Business
Ken Asano Corporate Executive Officer ID Strategy
President and Representative Director, Recruit Lifestyle Co., Ltd.
President and Representative Director, Recruit Sumai Company, Ltd.
Akihiko Okamoto Corporate Executive Officer R&D
Takashi Kuzuhara Corporate Executive Officer President and Representative Director,
Recruit Jobs Co., Ltd.
Chairman, International Recruitment
Kazunori Goshima Corporate Executive Officer Finance/Business Development
Daizo Kobayashi Corporate Executive Officer President and Representative Director,
Recruit Career Co., Ltd.
Takahiro Noguchi Corporate Executive Officer Human Resource / General Affairs
Mark Schultz Corporate Executive Officer Risk Management (Legal Due Diligence)
Kentaro Mori Corporate Executive Officer Risk Management (Legal / Compliance/ Information Security)
Masaki Yanagawa Corporate Executive Officer Corporate Planning
Fumihiro Yamaguchi Corporate Executive Officer Education Business
President and Representative Director,
Recruit Marketing Partners Co., Ltd.
Kazumasa Watanabe Corporate Executive Officer International Online Marketing
Yukio Okubo Corporate Officer Recruit Works Institute

3. HR Technology Segment: RGF OHR USA, Inc.

CEO of Major Subsidiary and Heads of Key Functions

Name Position Responsibilities
Hisayuki Idekoba CEO CEO, Indeed, Inc.
Corporate Planning
Chris Hyams SBU Executive Officer Business Development
Human Resource
Dave O'Neill SBU Executive Officer Finance
Risk Management

4. Staffing Segment: Recruit Global Staffing B.V.

CEO's and Presidents of Major Subsidiaries and Heads of Key Functions

Name Position Responsibilities
Rob Zandbergen CEO
Graeme Maude COO Corporate Planning
Business Development & M&A / HR / IT
Leen Geirnaerdt CFO Finance / Risk Management / Fiscal affairs / Legal & Compliance
Mio Kashiwamura SBU Executive Officer President and Representative Director,
Recruit Staffing Co., Ltd.
Koji Sakamoto SBU Executive Officer President and Representative Director, Staff Service Holdings Co., Ltd.
Rafe Sanson SBU Executive Officer CEO, The CSI Companies, Inc.
Eugene Cutolo SBU Executive Officer CEO, Staffmark Holdings, Inc.
CEO, Advantage Resourcing America, Inc.
Mike Brooksbank SBU Executive Officer MD, Advantage Resourcing UK Limited.
Peter Acheson SBU Executive Officer CEO, Peoplebank Australia Ltd.
Shinya Yamamoto SBU Executive Officer CEO, Chandler Macleod Group Limited.
Benedicte Autem SBU Executive Officer CEO, USG People Germany
Katty Scheerlinck SBU Executive Officer CEO, USG People Belgium
Raymond Puts SBU Executive Officer CEO, USG People Netherlands
Olivier Guiraud SBU Executive Officer CEO, USG People France

3. Changes in Corporate Executive Officers of Recruit Holdings

1. New Corporate Executive Officers (as of April 1, 2018)

Name New Position Current Position (as of February 2018)
Junichi Arai Corporate Executive Officer Corporate Officer
Ayano Senaha Corporate Executive Officer

2. Retiring Corporate Executive Officers (as of March 31, 2018)

Name Position After Retirement Current Position (as of February 2018)
Hitoshi Motohara Advisor Managing Corporate Executive Officer
Hideaki Kitou Advisor Managing Corporate Executive Officer
Suguru Tomizuka Corporate Executive Officer

*As stated above, Hitoshi Motohara and Hideaki Kitou are scheduled to become Advisors upon retirement of Corporate Executive Officers on March 31, 2018.

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