Mr. Shinji Ushiro Appointed President and CEO of VTI Technologies Oy

Mr. Shinji Ushiro, Corporate Senior Executive Vice President, Sales and Marketing Unit, Murata Manufacturing, is appointed President and CEO of VTI Technologies Oy and Chairman of Murata Electronics Europe B.V. as of 1 June 2012.

VTI's Board of Directors and current President and CEO Mr. Markku Hirvonen have mutually agreed that Mr. Hirvonen will leave his position as President and CEO as of 31 May 2012. Mr. Hirvonen has been working as VTI's President and CEO since 2007. During this time the company has implemented several reform projects and got back to the growth path. Mr. Hirvonen has also had a major role in finding a new owner for VTI Technologies.

"Mr. Hirvonen has done excellent work by successfully growing VTI's business during these turbulent years in the world economy. I would like to personally thank Mr. Hirvonen for his commitment and leadership that has enabled VTI to become the top class MEMS company that we are today very proud of", says Mr. Tsuneo Murata, President of Murata Manufacturing.

Mr. Ushiro started his career in 1971 at Japan Steel Works and has, since 1981, built a career within Murata occupying various managerial positions. He has worked, among other responsibilities, in the Murata Overseas Unit and as Vice President of Murata Europe. Since 2003, Mr. Ushiro has been in charge of Murata's global Sales and Marketing.

"I am very glad that Murata is VTI's new owner", states Mr. Hirvonen. "I am fully confident that Murata has the will and capabilities to develop this company, to create new jobs in Finland and to further improve development opportunities both for employees and for the Finnish know-how."

VTI Technologies in Brief
VTI Technologies Oy is a leading supplier of acceleration, inclination and angular motion sensor solutions for transportation, medical, instrument and consumer electronics applications. In their end-use applications, VTI’s products improve safety and quality of life. The silicon-based capacitive sensors are based on the company’s proprietary 3D MEMS (Micro Electro-Mechanical System) technology. VTI was acquired by Murata on 30 January 2012. For more information, please visit www.vtitechnologies.com.

Murata Manufacturing in Brief
Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules. With annual revenues of ¥618 billion (~€6.1B EUR or $7.9B USD), Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world. For more information, please visit www.murata.com.

For more information
Markku Hirvonen, President and CEO, VTI Technologies Oy, Tel. +358 (0)9 879 1

Copyright © 2012 Murata Electronics Oy