Mr. Yotaro Kobayashi Chairman of the Board Fuji Xerox Co., Ltd.

Mr. Kobayashi is Chairman of the Board at Fuji Xerox Co., Ltd. as well as being Chairman of Keizai Doyukai (Japan Association of Corporate Executives). He serves on the boards of Callaway Golf Company, Xerox Corporation, Nippon Telegraph and Telephone Corporation (NTT) and American Productivity & Quality Center (APQC). He is also the Pacific Asia Chairman of the Trilateral Commission as well as being Chairman of the Aspen Institute Japan.

Mr. Kobayashi graduated with a BA from Keio University (Tokyo) in 1956 and then a MBA from the Wharton School of Finance and Commerce, University of Pennsylvania. In 1984, he was awarded the Doctor of Humane Letters, Honoris Causa from St. Peter's College in New Jersey and in 1988 was the first recipient of the Morton H. Meyerson Award for Distinguished Service to Higher Education and International Understanding from the University of Texas at Austin. Additionally, he was awarded the Medal with Blue Ribbon from the Japanese government in 1991, the Insignia of Commander First Class of the Royal Order of the Polar Star from the Kingdom of Sweden in 1995 and the Royal Norwegian Order of Merit from the Kingdom of Norway in 1997.

In 1958, Mr. Kobayashi joined Fuji Photo Film Co., Ltd., from where he was assigned to Fuji Xerox Co., Ltd. in 1963. After working in the marketing and planning departments, he joined the Board of Directors in 1968, became Executive Vice President in 1976 and then President and C.E.O. in 1978. Since 1992 he has held the position of Chairman and C.E.O. and was named Chairman of the Board in March 1999.

Mr. Kobayashi also serves as a member for several other Advisory Boards and Councils. He is a member of the Advisory Board for Booz.Allen & Hamilton and Council on Foreign Relations. He is also an Advisory Council member for JP Morgan's International Council and Stanford University's Institute of International Studies, and is an International Advisory Panel member for Singapore Technologies. Additionally, he is a member of the Board of Trustees at the University of Pennsylvania and Keio University.