Announcement of Personnel Changes

October 14, 2014

IWATA, October 14, 2014 – Yamaha Motor Co., Ltd. announces the following personnel changes, effective October 15, 2014.

1. Changes in duties of General Manager

(Name)	(New position)	(Current position)
Wataru Shimizu	General Manager of Marketing Division, Smart Power Vehicle Business Unit, Business Development Operations	Senior Manager of Marketing Division, Smart Power Vehicle Business Unit, Business Development Operations

2. Changes in duties of Group Companies

(Name)	(New position)	(Current position)
Kunio Nakano	President of MBK Industrie	Senior Manager of Cost Innovation Division, PF Model Development Section, PF Model Unit
Souichirou Kamijima	Managing Director of Yamaha Motor IM Europe Gmbh.	Yamaha Motor IM Europe Gmbh.

Abbreviations;
・ PF: Platform

Main businesses of the group companies referenced above;
・ MBK Industrie: Manufacture of motorcycles, outboard motors and other products in France
・ Yamaha Motor IM Europe Gmbh.: Sales and service of surface mounters, industrial robots, electric wheelchairs in Germany