SECAUCUS, NJ (March 1, 2010) – Panasonic Corporation of North America Chief Operating Officer, Joseph M. Taylor, will take on the role of Chairman and CEO of Panasonic Corporation of North America as of April 1. He will succeed current Chairman and CEO, Yoshi Yamada, who will move to Japan to head parent company Panasonic Corporation’s global Industrial Sales business. Mr. Yamada has also been promoted to Managing Executive Officer of the parent company, subject to approval of the appointment at the general shareholders meeting on June 25.

A 26-year Panasonic veteran, who has served as Panasonic Corporation of North America’s Chief Operating Officer since 2007, Mr. Taylor has led many of the company’s strategic business efforts, including creating a B2B enterprise solutions group and launching and coordinating companywide Full HD 3D TV product and promotion initiatives. Prior to becoming Chief Operating Officer, Mr. Taylor was President of Panasonic Industrial Company, a division company that supplies industrial components and electronic devices to the nation’s largest manufacturers and assemblers.

About Panasonic Corporation of North America
Based in Secaucus, NJ, Panasonic Corporation of North America provides a broad line of digital and other electronics products for consumer, business and industrial use. The company is the principal North American subsidiary of Osaka, Japan-based Panasonic Corporation (NYSE: PC), and the hub of Panasonic’s U.S. branding, marketing, sales, service and R&D operations. Information about Panasonic and its products is available at www.panasonic.com and its Full HD 3D site at www.panasonic.com/3D. Additional company information for journalists is also available at www.panasonic.com/pressroom.