July 1, 2007
IHI Shibaura Machinery Corporation

New CEO Appointment

IHI Shibaura Machinery Cooperation announced that Mr. Takashi Nishimura was appointed as new CEO (Chief Executive Officer) at the Board Meeting held on June 29th, 2007.

• About new CEO
  Name: Takashi Nishimura (Mr.)
  
  Career Summary of New CEO:
  · Born in May, 1953
  · Join IHI Shibaura in April, 1977
  · Appointed as Director and General Manager of Corporate Office in June, 2003
  · Appointed as Managing Director and General Manager of Corporate Office in June, 2004
  · Appointed as Director and Chief Operating Officer (COO) in April, 2007
• Retirement:
  As a result of appointment of new CEO, it was announced at the board meeting Mr. Katsuhiko Sasai, the former CEO, retired.