ISHIGAKI APPOINTED TO KOMAG'S BOARD OF DIRECTORS
ISHIGAKI APPOINTED TO KOMAG'S BOARD OF DIRECTORS MILPITAS, Calif., Aug. 5 /PRNewswire/ -- Toyohiko Ishigaki, 60, a
member of the board of directors of Asahi Glass Co. Ltd. and director and general manager of its Electronic Products General and Memory Disk Divisions has been named to the board of directors of Komag Inc. (NASDAQ: KMAG). Komag is a leading supplier of thin-film components for high-performance Winchester disk drives.
"We are pleased that Mr. Ishigaki will serve on Komag's Board of Directors," stated Stephen C. Johnson, Komag's president and chief executive officer. "Komag has enjoyed a very successful long-term strategic business relationship with Asahi Glass and Mr. Ishigaki has played an important role in that relationship. "Asahi Glass was an early investor in Komag when it acquired 400,000 shares of common stock in April 1986. The following year, Asahi Glass and Komag entered into our first joint venture relationship with the creation of Asahi Komag Co. Ltd. (AKCL). Under Mr. Ishigaki's leadership, as AKCL's president and a member of its board of directors, our Japanese joint venture quickly achieved profitability and is now among the top three media producers in Japan," noted Johnson. "Our relationship with Asahi Glass has continued to strengthen over the years," elaborated Johnson. "In January 1989, Asahi Glass purchased one million shares of the company's common stock in a private transaction at $20 per share. Earlier this year, the company formed a second joint venture with Asahi Glass to participate in the rapidly growing market for thin-film recording heads," commented Johnson. Ishigaki is a member of the board of directors at Dastek, the thin-film recording head joint venture. Since April 1958, Ishigaki has served in a variety of positions with Asahi Glass Co. Ltd. of Japan. Ishigaki has been a director, general manager of various divisions within Asahi Glass including the Specialty Products Division, the Media Business Promotion Division and the Magnetic Disk Business Promotion Division. He has been the director and general manager of the Memory Disk Division since September 1987 and the director and general manager of the Electronic Products Division since April 1990. Founded in 1907 in Japan, Asahi Glass is the world's leading glass manufacturer and a major international supplier of glass-related items, chemicals, ceramics and electronic products. In fiscal year 1991, Asahi's net sales were approximately U.S. $10.0 billion. Also elected to Komag's board of directors at the company's May 21, 1992 Annual Shareholders Meeting was Masayoshi Takebayashi, president and chief executive officer of Kobe Precision Inc. Takebayashi is a member of the board of directors at the International Disk Equipment and Materials Association (IDEMA) and a member of its International Steering Committee. Takebayashi also helped form a chapter of IDEMA in Japan last April. Ishigaki and Takebayashi replaced Junijiro Tomozawa, Vice Chairman of Asahi Glass Co. Ltd., and Shigeru Oda, an executive officer with Kobe Steel Ltd., who did not stand for reelection to the company's board of directors this year. Komag's thin-film products address the fast growing high-capacity, high-performance segment of the Winchester disk drive market. Winchester disk drives are widely used in a broad range of computer applications from mainframes to portable computers. Komag is the leading supplier of media to this market segment and manufactures the highest density disks commercially available for 5.25-inch and smaller form factors. In addition to thin-film disks, Komag manufactures precision disk substrates and thin-film heads through its two consolidated joint venture subsidiaries, Komag Material Technology and Dastek, respectively. Dastek is one of the three largest suppliers of thin-film heads to the merchant market. Komag operates a technical support facility in Singapore. Komag also manufactures and sells thin-film disk products through an unconsolidated subsidary, Asahi Komag Co. Ltd., which is among the top three media producers in Japan. Komag and its consolidated subsidiaries maintain 668,000 square feet of manufacturing and administrative space in California and Malaysia, and employ approximately 2,600 people. The company was founded in 1983. Komag is traded on the NASDAQ over-the-counter market under the symbol KMAG. -0- 8/5/92 /CONTACT: David H. Allen, T. Hunt Payne, or William L. Potts, Jr.
of Komag, 408-946-2300; or John Trifari of John Trifari Public Relations, 415-349-9812, for Komag/
(KMAG) CO: Komag Inc. ST: California IN: CPR SU: PER
MM -- SJ001 -- 6896 08/05/92 07:00 EDT
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|Date:||Aug 5, 1992|
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