Tokyo-based Terumo Corp. said Hideo Arase will resign as a board member at the upcoming annual shareholders meeting June 22.
Concurrently, the company appointed Yukiko Kuroda as an independent director.
Kuroda is the managing director and founder of People Focus Consulting Co. Ltd., an organizational development consulting and training firm.
Terumo said Kuroda meets all the requirements of Tokyo Stock Exchange concerning independent director. The company will submit the notification of her appointment as an independent director to the exchange.