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D&M Holdings Appoints New CFO - ResidentialSystems.com

D&M Holdings Appoints New CFO

Yoshiyuki Honda will assume responsibility for the finance function of the company beginning October 1, 2007.
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Tokyo, Japan--D&M Holdings Inc. has appointed Yoshiyuki Honda, a current member of the Board of Directors, as chief financial officer and will assume responsibility for the finance function of D&M Holdings beginning October 1, 2007.

Honda held this same position for D&M Holdings from the time the company was formed in 2002 through 2005. Since that time, he has been a representative director and chief financial officer for RHJ International Japan Inc., as well as sitting on other corporate boards. Prior to 2002, Honda held several positions including director of finance and administration with Cisco Systems K.K., director of finance at Pepsi-Cola, Japan, and controller at Pepsi-Cola International. Honda also spent 12 years with the accounting firm Coopers & Lybrand, working in Tokyo and Chicago. He is a U.S. certified public accountant and a Japanese certified public accountant. He has an MBA in Finance from the University of Chicago and a BA in Economics from Waseda University in Tokyo.

Were very pleased that Honda-san will be returning to D&M on a full-time basis to be part of our management team leading D&M into its next phase, said Chairman of the Board and Chief Executive Officer Eric C. Evans. We have built a solid business platform for our future expansion into automotive and commercial AV. Honda-sans solid operating experience, combined with his experience in merger and acquisition due diligence and management, will be invaluable as we continue to deliver on our growth strategy. He has worked closely with us as a member of our Board of Directors for the last two years and we are delighted to have him return in the CFO role.

Honda is replacing Zenichiro Ishibashi who is leaving D&M to pursue other interests. Joining D&M in 2005, Ishibashi was instrumental in divesting underperforming assets, establishing global operational and reporting processes and moving the D&M stock to the first tier of the Tokyo Stock Exchange.

We appreciate all the achievements of Ishibashi-san during his tenure with D&M, said Evans. We wish him good luck in his future endeavors.

www.dm-holdings.com

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