OREANDA-NEWS. Cosmo Oil Co., Ltd. announces execution of organization restructuring and restructuring of affiliate companies as at or after June 23, 2015.

The details of them are as follows:
1. Purpose of Organization Restructuring
Observing transformation to a Holding (HD) Company, the organizational structure will be restructured as follows in order to make smooth transforming.

2. Overview of Organization Restructuring
(1) The existing Units will be reorganized and attribution of departments to Units will be changed as follows:
Abolition: Risk Management Unit, Project Development Business Unit, Research & Development Unit
Spilt-up: Corporate Management Unit ? Corporate Management Unit, Corporate Risk Management Unit
(2) Safety Management, Supply and Technology sub-Units will be newly established in Supply Unit
(3) Executing amendment of departments & offices including new establishment and abolition
Newly established : Diversity Promotion Dept., Petroleum Products Dept.
Abolition : Petrochemical Dept., Lubricant Business Dept., ALA Business Dept.
Spilt-up & Integration: Accounting & Finance Dept. ? Accounting Dept., Finance Dept.
General Affair Dept., Human Resource Dept. ? Legal Dept., Human Resource & General Affair Dept.
Change of Function & Name: Purchasing Center ? Purchasing Dept.,
Power & Gas Business Dept. ? Power Business Dept.
Research & Development Dept. (* Only Japanese name will be changed)
(4) Organizational restructuring will be effective as of June 23, 2015.
(Except for Power & Gas Business Dept., which will be renamed on April 1, 2015.)