Summary of career

Apr. 1983

Entered Japan Tobacco and Salt Public Corporation

Jun. 2005

Senior Vice President and Vice President of Food Business Division of Food Business of Japan Tobacco Inc. (“JT”)

Jun. 2006

Member of the Board and Executive Vice President; President of Food Business of JT

Jun. 2008

Executive Vice President; Chief Strategy Officer of JT

Jun. 2010

Member of the Board and Senior Vice President; Chief Strategy Officer and Assistant to CEO in Food Business of JT

Jun. 2011

Member of the Board of JT
Executive Vice President of JT International S.A.

Jun. 2013

Senior Executive Vice President; Chief Strategy Officer of JT

Jan. 2016

Executive Vice President; President of Tobacco Business of JT

Mar. 2016

Representative Director and Executive Vice President; President of Tobacco Business of JT

Jan. 2020

Member of the Board of JT

Mar. 2020

Member and Deputy Chairperson of the Board of JT

Jun. 2020

Outside Director of Benesse Holdings, Inc.

Jun. 2021

Outside Director of the Company (present post)

Mar. 2022

Member and Chairperson of the Board of JT (present post)

Independent Director

Independent Director pursuant to Article 436-2 of the Securities Listing Regulations of Tokyo Stock Exchange

Position at Advisory Committee

Chair of the Board, Member of Nomination Advisory Committee, Member of Compensation Advisory Committee, Member of Corporate governance Committee

Reason of appointment

Mr. Mutsuo Iwai has an abundance of experience and knowledge as a manager of a company that operates globally in the tobacco, pharmaceutical, food and other businesses. The Company expects him to supervise the overall management of the Company and to give advice and recommendations to ensure the legality and appropriateness of decision-making of the Board of Directors of the Company by utilizing his experience and insight.