Nidec Announces New President, Changes in Representative Directors and Others
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Reasons for the changes |
Via a stable succession of business operations and a smooth transfer to a new management for the Nidec Group’s aim to achieve its FY2030 sales target of |
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Changes in Chairman, President, and Representative Directors |
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(1) Details of the changes |
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Old |
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Founder and Executive Chairman |
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Founder, Chairman and CEO |
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Chairman |
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President and COO |
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President and CEO |
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Executive Vice President and Executive General Director of the Automotive Motor & Electronic Control Business Unit |
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*The above changes to Chairman and President will place Mr. |
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(2) The effective date of the above changes |
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Transfer of a Representative Director |
The change, to take effect on |
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Changes in Executive Vice Presidents |
In accordance with the succession plan made by the Company’s Nomination Committee, the term of the offices of Executive Vice Presidents is one year, and they will be elected annually. As the executive directors of their respective organizations, the Executive Vice Presidents will support the President based on the viewpoint of optimizing the entire |
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Old |
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Executive Vice President Executive General Manager of Small Platform Motor & Solutions Business Unit, in charge of managing Group Companies |
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Same as on the left
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Executive Vice President
Chief Technology Officer, in charge of managing Nidec Product Technology R&D Center, |
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Same as on the left |
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Executive Vice President Executive General Manager of the Machinery and Automation Business Unit |
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Same as on the left
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Mr. |
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Executive appointments |
In the meeting of the Board of Directors held on |
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The members of the Company’s Nomination Committee |
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The members of the Company’s Nomination Committee are: |
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Chair: |
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Member: |
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Member: |
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Member: |
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Member: |
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The selection of a new President is based on the succession plan and the selection criteria that were deliberated at a meeting of the Nomination Committee and resolved at a meeting of the Board of Directors. The Nomination Committee deliberated, and the Board of Directors approved, the resolution to select a new President from among candidates after a comprehensive examination of, among others, their ability to meet the presidential selection criteria and characters in accordance with the presidential selection process as approved by the Company’s Board of Directors. |
Career summary of the new President |
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New title: |
President and CEO |
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Birthdate: |
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Birthplace: |
Kagawa Prefecture |
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Education: |
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Bachelor’s degree in Education, |
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Career: |
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Joined Sony Corporation. |
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Vice President Product Planning, |
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Executive General Manager of Production, Sony Corporation |
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Executive Officer, Business Executive |
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Representative and President, |
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Executive Vice President, Sony Corporation in charge of managing Mobile Communications Unit |
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Joined |
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First Senior Vice President |
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Executive General Manager of Automotive Motor & Electronic Control Business Unit (current position) |
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Executive Vice President (current position) |
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Ownership of the Company’s stock: 562 shares (as of |
View source version on businesswire.com: https://www.businesswire.com/news/home/20240213933284/en/
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
Source: