Ricoh Americas Corporation Announces Organizational Changes

Matthew J. Espe Named as Chairman and CEO of Ricoh Americas Corporation

WEST CALDWELL, N.J., April 15 /PRNewswire/ -- Ricoh Americas Corporation, a leading provider of digital office equipment, announced several key leadership changes designed to align the organization under integrated leadership and enhance future growth. Ricoh's direct sales and service organizations in the U.S., namely Ricoh Business Solutions and IKON Office Solutions, will continue to operate separately in the market under the new leadership team.

Kevin Togashi is named Chairman and Chief Executive Officer of Ricoh Americas Holdings, Inc. to manage the asset value and execute governance of all of Ricoh's sales companies in the Americas. Previously, Togashi was Chairman and Chief Executive Officer of Ricoh Americas Corporation. Togashi has over 37 years of experience with Ricoh and also held the post of Chairman and Chief Executive Officer of Ricoh Europe.

Matthew J. Espe is named Chairman and Chief Executive Officer of Ricoh Americas Corporation, with responsibility for Ricoh Americas Corporation operations in North, Central and South America, including its subsidiary, IKON Office Solutions, Inc. Espe joined IKON in 2002 as President and Chief Executive Officer and became Chairman and Chief Executive Officer in 2003. During this time, Espe developed and executed IKON's strategy to improve operational excellence, strengthen efficiencies and enhance its document management offerings, and successfully led IKON through its acquisition by Ricoh Americas Corporation in 2008.

Jeffrey W. Hickling expands his current role as President and Chief Operating Officer of IKON Office Solutions to become President and Chief Executive Officer of Ricoh U.S. responsible for Ricoh's direct sales and service organizations in the U.S., Ricoh Business Solutions and IKON Office Solutions, as well as its dealer network. Hickling joined IKON in 2005 as Senior Vice President of Operations and was promoted to President of IKON's U.S. operations in 2008.

Martin Brodigan is named Executive Vice President and Chief Financial Officer for Ricoh Americas Corporation and will also have responsibility for Ricoh Canada and Ricoh Latin America. Previously, Brodigan was President and Chief Executive Officer of Ricoh U.S. He also held the position of Chief Financial Officer of Ricoh U.S., spent eight years as President and Chief Executive Officer of Ricoh Canada, and held several management positions throughout his 19 year career with Ricoh.

Other key leaders named to the new Ricoh Americas Corporation management team include:

  --  Mark Hershey, Senior Vice President and General Counsel
  --  Hede Nonaka, Senior Vice President of New Business Development
  --  Tracey Rothenberger, Senior Vice President and Chief Information
      Officer
  --  Shun Sato, Senior Vice President of Marketing
  --  Donna Venable, Senior Vice President of Human Resources
  --  Ike Kakegawa, Vice President of Environmental Sustainability

"This new organizational structure will allow us to take advantage of the combined strengths of all our sales and service channels, with an integrated leadership team focused on increasing our market share and improving our business," said Matthew J. Espe, Chairman and Chief Executive Officer, Ricoh Americas Corporation. "We believe we have a tremendous opportunity to build on our leadership position in the market and further enhance our delivery of industry-leading document management solutions through the strength of our direct sales and service organizations and dealer network."

About Ricoh Americas Corporation

Ricoh Americas Corporation, headquartered in West Caldwell, N.J., is a subsidiary of Ricoh Company, Ltd., the 74-year-old leading provider of advanced office technology and innovative document imaging products, services and software, with fiscal year 2008 sales in excess of $20 billion.

Ricoh's fully integrated hardware and customizable services and software help businesses share information efficiently and effectively by enabling customers to control the input, management and output of documents.

Ricoh Americas Corporation, directly or through its network of authorized dealers, markets and distributes products in North, Central and South America.

Information about Ricoh's complete range of offerings can be found at www.ricoh-usa.com.

All referenced product names are the trademarks of their respective companies.