Panasonic Announces Proposed Management Changes

* Reuters is not responsible for the content in this press release.

Mon May 25, 2009 4:10am EDT 

OSAKA, Japan--(Business Wire)--
Panasonic Corporation (Panasonic)(NYSE:PC), today announced that at the Board of
Directors` Meeting held on May 25, 2009, a change was made to the composition of
the new members of the Board of Directors and Executive Officers of Panasonic
Corporation. They were informally elected at the Board of Directors` Meetings
held on February 26, 2009 and May 15, 2009 and will assume their roles on June
25, 2009. 

These proposed changes will be submitted for and subject to approval at the
Ordinary General Meeting of Shareholders and at the subsequent Board of
Directors` Meeting to be held on June 25, 2009.

 Appointments:                                                                                  
 1. Resignation of Director, Member of the Board (Effective June 25)                            
                                                                                                
 Shinichi Fukushima                       To be appointed Corporate Advisor, Panasonic  
 
Executive Vice President                Corporation                                   


 2. Responsibilities of Director, Member of the Board and Executive Officer (Effective June 25) 
                                                                             
 Yutaka Takehana                Representative in Kansai                     
 Managing Executive Officer     
In charge of Corporate Risk Management and  
                                Corporate Information Security               


About Panasonic

Panasonic Corporation is a worldwide leader in the development and manufacture
of electronic products for a wide range of consumer, business, and industrial
needs. Based in Osaka, Japan, the company recorded consolidated net sales of
7.77 trillion yen (US$78.4 billion) for the year ended March 31, 2009. The
company's shares are listed on the Tokyo, Osaka, Nagoya and New York (NYSE
Symbol: PC) stock exchanges. For more information on the company and the
Panasonic brand, visit the company's website at http://panasonic.net/. 





Panasonic Corporation
Media Contacts:
Akira Kadota, +81-3-6403-3040 (Japan)
International PR
or
Panasonic News Bureau (Japan)
Tel: +81-3-3542-6205
or
Jim Reilly, +1-201-392-6067 (U.S.)
or
Anne Guennewig, +49-611-235-457 (Europe)
or
Investor Relations Contacts:
Kazuo Sasaki, +81-6-6908-1121 (Japan)
Investor Relations
or
Panasonic Finance (America), Inc.
Yuko Iwatsu, +1-212-698-1365 (U.S.)
or
Panasonic Finance (Europe) plc
Hiroko Carvell, +44-20-7562-4400 (Europe) 



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