TOKYO, March 5, 2009 – Fuji Xerox Co., Ltd. announced today that its Chief Corporate Advisor Yotaro Kobayashi will retire as of March 31, 2009.

Born in London on April 25, 1933, Yotaro Kobayashi graduated with a BA from the Faculty of Economics at Keio University in 1956, and earned his MBA at Wharton School of Finance and Commerce, University of Pennsylvania. In 1958, he joined Fuji Photo Film Co., Ltd. (now FUJIFILM Corporation), and transferred to Fuji Xerox in 1963. After assuming general manager of planning as well as board director and executive general manager of sales, he was named president and CEO in 1978 at the age of 44. In 1992, he took on the role of chairman and CEO, and served as chairman of the board from 2004, followed by chief corporate advisor from 2006. He is currently 75 years of age.

Kobayashi currently holds several other positions in addition to his duties at Fuji Xerox. He is a member, World Premier International Research Center Initiative of the Ministry of Education, Culture, Sports, Science and Technology; lifetime trustee of the Japan Association of Corporate Executives; chairman of the Trilateral Commission’s Pacific Asian Group; chairman of the Aspen Institute Japan; chairman of the board of the Japan Folk Crafts Museum; a member of the Board of Trustees at Keio University; chairman of the International University of Japan; and member of the board of directors at Sony Corporation, Nippon Telegraph and Telephone Corporation as well as Callaway Golf Company.