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KYOCERA MITA ANNOUNCES EXECUTIVE TRANSITION

OSAKA, Japan and FAIRFIELD, N.J. – July 22, 2010 – Katsumi Komaguchi, President of Kyocera Mita Corporation (KMC), today announced the resignation of Michael Pietrunti, President and CEO of Kyocera Mita America, Inc. (KMA), effective today. A successor is expected to be named in the coming weeks.

Pietrunti is leaving to pursue other interests.

Since joining Kyocera in 2002, and most recently serving as President of KMA and CEO of KMA North and South American Operations, Pietrunti is widely credited for growing a strong organization dedicated to product expansion, new services and resolute support of its independent dealer channel. According to the company, those efforts will continue to flourish.

“Kyocera Mita is a world-class global organization, with a keen eye on future growth and prosperity,” said Komaguchi. “We all thank Mike for his efforts and contribution to our business growth during his tenure, and I wish him well.”

“Kyocera Mita delivers a unique value to its customers and its business operation is supported by an ever-growing, loyal corps of dealers and distributors. It is well positioned to achieve continued growth in the years to come, and I am confident it will only get better,” continued Komaguchi.

Interim management duties for daily operations have been assigned to the executive management team of KMA. Regional general managers in Latin and South America, and Canada, will continue to oversee their local operations.

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ABOUT KYOCERA MITA AMERICA

Kyocera Mita America, Inc. (www.kyoceramita.com/us), headquartered in Fairfield, N.J., is a leading provider of computer-connectable document imaging and document management systems, including network-ready digital MFPs/printers, laser printers, color MFPs/printers, digital laser facsimiles, and multifunctional and wide format imaging solutions. Kyocera Mita America is a group company of Kyocera Mita Corporation. Kyocera Mita Corporation is a core company of the Kyocera Corporation, the world's leading developer and manufacturer of advanced ceramics and associated products, including telecommunications equipment, semiconductor packages and electronic components. Kyocera Mita America, the first document solutions company with third-party certified sales data, has earned numerous honors for its products’ high performance, reliability and cost efficiency. Kyocera Corporation's consolidated net revenues exceeded $15 billion for the fiscal year ending on March 31, 2011.





For more information, please contact:





Daniel Butler Alicia Young


Kyocera Mita America, Inc. Ruder Finn for Kyocera Mita America, Inc.


Phone: 973.882.4460 Phone: 212.593.6343


Email: daniel_butler@kyoceramita.com Email: younga@ruderfinn.com
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Could it be that he will soon replace Ed McLaughlin when he leaves SHARP? Or, perhaps Ricoh will tap this executive to save their Dealer channel. Unless there is some type of scandal, such as the one that led to the demise of Mark Hurd at HP, then Michael may have left on his own accord. Where will he wind up becomes the question.
GMAN

Never thought of that with either Ed or Pietrunti, either one may play well for Ricoh.

More importantly I think the industry as a whole is struggling to find and identify new ways to make profit with the slow demise of the printed and copied page.

Quietly Ricoh has launched a new start up and site for it's eWriter solution. It's an imprtant step for at least one of he manufacturers to identify the loss of clicks, thus the eWriter solution model is based on SAS (Software as a Service).

It will prove to be interesting where companies like Canon, Ricoh, and Konica Minolta will migrate thier services. We've already seen where Xerox is going.

Copier companies that dable in copiers such as Toshiba, Sharp and Kyocera may get out of the industry all together. But I'm thinking Toshiba and Sharp can play a bigger role in this whole "business tablet" services comes to fruition.
Now that we are hearing Mike Pietrunti will remain in our Industry and soon be announced at another manufacturer, the question is which one? As you hinted Art, Mike may have realized that "Toshiba, Sharp and Kyocera may get out of the industry all together" and he needed to move on to move up. Since SHARP will continue to be a periphery player in the Industry and Toshiba is managing their MFP business into it's decline, I put my money on Pietrunti surfacing at Ricoh, as the new VP of DEaler Division.

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