President and CEO, James Solomon, Named One of Coastal Virginia’s Most Influential Leaders

CHESAPEAKE, VA — Sumitomo Drive Technologies is proud to announce that President and
Chief Executive Officer, James Solomon, has been recognized as one of Coastal Virginia’s 150
Most Influential Leaders by CoVaBIZ Magazine. This honor recognizes leaders who are
instrumental in driving economic growth and community development in coastal Virginia.

Under his leadership, Sumitomo Machinery Corporation of America (SMA), part of the
Sumitomo Drive Technologies group, has achieved record-breaking profits, made significant
investments in production technology, and adopted a new strategy for nearshoring and supply
chain management. Solomon's dedication to professional development has resulted in in-house
leadership programs for management and non-management roles, annual Dale Carnegie
workshops, and a strategic partnership with The College of William & Mary.

With a strong background in finance, including experience in public accounting and internal
auditing, Solomon joined SMA in 2000 as the Assistant Controller. Throughout his tenure, he
has prioritized improving customer experience and profitability to support the company's growth.
He is also dedicated to personnel development and has built a leadership team focused on
advancing SMA's success