10 Directors (including five Outside Directors)
The Directors marked with ^* also serve as Group Executive Officers

(As of March 22, 2024)

Mutsuo Iwai

Chairperson of the Board

Date of birth: October 29, 1960

Number of shares held: 43,200

Shigeaki Okamoto

Deputy Chairperson of the Board

Date of birth: February 20, 1961

Number of shares held: 700

Masamichi Terabatake^*

Representative Director and President, Chief Executive Officer

Date of birth: November 26, 1965

Number of shares held: 259,117

Kei Nakano^*

Representative Director and Executive Vice President

Date of birth: March 1, 1968

Number of shares held: 49,878

Koji Shimayoshi^*

Representative Director and Executive Vice President

Date of birth: March 7, 1968

Number of shares held: 14,400

Yukiko Nagashima

Director (Independent Outside Director)

Date of birth: April 4, 1961

Number of shares held: 0

Masato Kitera

Director (Independent Outside Director)

Date of birth: October 10, 1952

Number of shares held: 0

Tetsuya Shoji

Director (Independent Outside Director)

Date of birth: February 28, 1954

Number of shares held: 0

Hiroko Yamashina

Director (Independent Outside Director)

Date of birth: May 20, 1963

Number of shares held: 0

Kenji Asakura

Director (Independent Outside Director)

Date of birth: December 11, 1955

Number of shares held: 0

Five Audit & Supervisory Board Members (including three Outside Audit & Supervisory Board Members)

(As of March 22, 2024)

Hideaki Kashiwakura

Standing Audit & Supervisory Board Member

Date of birth: February 28, 1969

Term of office: 4 years from March 2023

Number of shares held: 12,128

Tsutomu Hashimoto

Standing Audit & Supervisory Board Member

Date of birth: May 31, 1967

Term of office: 4 years from March 2023

Number of shares held: 1,584

Shigeru Taniuchi

Standing Audit & Supervisory Board Member（Independent Outside Audit & Supervisory Board Member）

Date of birth: September 7, 1962

Term of office: 4 years from March 2023

Number of shares held: 0

Nobuo Inada

Audit & Supervisory Board Member (Independent Outside Audit & Supervisory Board Member)

Date of birth: August 14, 1956

Term of office: 4 years from March 2023

Number of shares held: 0

Emiko Takeishi

Audit & Supervisory Board Member (Independent Outside Audit & Supervisory Board Member)

Date of birth: February 16, 1960

Term of office: 3 years from March 2024

Number of shares held: 0

Notes: 1.

For reasons for appointment of the Directors and Audit & Supervisory Board Members, please refer to the Notice of Convocation of the 39th Ordinary General Meeting of Shareholders

2.

We have established a set of independence criteria. For details, please refer to the JT Corporate Governance Policy

(As of January 1, 2024)

President

Masamichi Terabatake

Chief Executive Officer^*

*

Masamichi Terabatake concurrently serves as President of Tobacco Business

Executive Vice Presidents

Kei Nakano

Finance, Corporate Communications, Business Development and D-LAB

Koji Shimayoshi

Corporate Governance, Compliance, Corporate Strategy, Sustainability, People & Culture, Information Technology, Legal, Operation Review & Business Assurance, Pharmaceutical Business and Food Business

Senior Vice Presidents

Junichi Fukuchi

Chief Executive Officer, Tobacco Business, Japan

Executive Officers

Daniel Torras

Performance & Integration, Tobacco Business, Japan

Suguru Fujiwara

Corporate Affairs & Communications, Tobacco Business, Japan

Nobuhiro Uezawa

Manufacturing, Tobacco Business, Japan

Igor Dzaja

Marketing, Tobacco Business, Japan

Kazuyuki Inui

Sales, Tobacco Business, Japan

Muneaki Fujimoto

President, Pharmaceutical Business

Makoto Kakutani

Head of Central Pharmaceutical Research Institute, Pharmaceutical Business

Keisuke Nakagomi

Food Business

Osamu Hirose

General Counsel

Hiroyuki Fukuda

Corporate Strategy and Business Development

Kenji Ogura

Corporate Governance and Compliance

Hisato Imokawa

Chief Sustainability Officer

Hiromasa Furukawa

Chief Financial Officer and Corporate Communications

Yoshiyuki Mishima

People & Culture

Hisashi Shimobayashi

Information Technology

Yuki Otaki

D-LAB

(As of April 1, 2024)

Eddy Pirard

President and CEO

Nobuya Kato

Executive Vice President and Deputy CEO

Stefan Fitz

Executive Vice President, Chief Commercial Officer

Rob Stanworth

Executive Vice President, Chief Consumer and Product Officer

Takehiko Tsutsui

Executive Vice President, Reduced-Risk Products

Vassilis Vovos

Executive Vice President, Chief Financial Officer

Note:

JTI Executive Committee members including the members above can be found on the JTI website

The Company will pursue the 4S model, the Group’s management principle, and realize the JT Group Purpose. The area of “human enrichment” undergoes changes in various ways with the times and the people, and the Company will strive to evolve constantly so that it can continue to be trusted by society and make valuable contributions in this area in the future. On that basis, the Company believes that it is important for its Board of Directors to be comprised of diverse professionals who agree with the 4S model and the JT Group Purpose, with a high sense of ethics and integrity as well as knowledge, experience and skills.

In order for the Board of Directors, comprised of members based on the above view, to properly fulfill its roles and responsibilities, the Company particularly expects each Member of the Board to demonstrate skills based on their knowledge and experience in the following areas, and believes that the Board of Directors as a whole has the necessary skills.

Areas in which skills are expected to be particularly effective

• “Corporate Management,” including the JT Group’s management strategy, operations, and business strategy that contribute to sustainable profit growth and enhancement of corporate value based on the 4S model, our management principle.
• “Global Management,” which is essential for the JT Group, which operates globally, in order to achieve medium- and long-term business growth.
• “Corporate Finance, Accounting and Capital Policy” and “Legal, Compliance and Risk Management,” which are the basis of decision-making for effective management and business activities for our corporate value growth and business continuity.
• “IT/Information Security,” which is one of the important management foundations for strengthening the competitiveness of the JT Group and for business continuity.
• “Corporate Governance,” which is the foundation of our corporate activities in order to maximize stakeholder value, pursue sustainable profit growth, and grow our corporate value over the long term.
• “Sustainability/Environment and Society,” which we consider to be the core to our management initiatives and for which we formulate strategies based on the 4S model and materiality analysis, in order to contribute to building a sustainable environment and society through the realization of the JT Group Purpose.
• “DE&I (Diversity, Equity & Inclusion)/Organizational Behavior and Human Resource Management,” to respect different backgrounds and values, such as gender, sexual orientation, age, and nationality, as well as experience and expertise, and promote investment in human resources including growth support focusing on personnel diversity, and the creation of an environment where diverse employees can perform to the best of their abilities.
• “Business Development/M&A” to formulate strategies and carry out measures for further development and business growth in order to continue providing “human enrichment” in accordance with ever-changing society and the values of people.

In addition, in light of the roles and responsibilities of Audit & Supervisory Board Members to oversee the job performance of Members of the Board, we are particularly expecting Audit & Supervisory Board Members to demonstrate their skills in the areas of “Corporate Finance, Accounting and Capital Policy,” “Legal, Compliance and Risk Management,” and “Corporate Governance.” We believe that the entire Audit & Supervisory Board has the necessary skills.

Skills matrix for proposed Directors and Audit & Supervisory Board Members