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Nidec Appoints New President and Chief Operating Officer

Press release -

Nidec Appoints New President and Chief Operating Officer

FOR IMMEDIATE RELEASE

Nidec Corporation
Tokyo Stock Exchange code: 6594

Contact:
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com

Nidec Appoints New President and Chief Operating Officer

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) has announced the following personnel changes based on the resolution at a meeting of the Board of Directors held on February 15, 2018.

1. Reason for the changes
Further strengthen the Company’s management system in order to achieve its mid-term strategic goal, Vision 2020.

2. Appointment of a new representative director
(1) Details
Mr. Hiroyuki Yoshimoto
Current position: Director and Executive Vice President
New position: Representative Director, Executive Vice President and Chief Operating Officer
(2) Effective date: April 1, 2018

3. Appointment of new President
(1) Details
Mr. Shigenobu Nagamori
Current position: Representative Director, Chairman, President and Chief Executive Officer
New position: Representative Director, Chairman and Chief Executive Officer 
Mr. Hiroyuki Yoshimoto
Previous position: Representative Director, Executive Vice President and Chief Operating Officer
New position: Representative Director, President and Chief Operating Officer
(2) Effective date: June 20, 2018
This personnel change will take effect on June 20, 2018 upon shareholder approval at
the Regular General Meeting of Shareholders and a subsequent meeting of the Board of
Directors to be held on the same day.

 

Brief personal history of Mr. Hiroyuki Yoshimoto, the newly appointed President and Chief Operating Officer is as follows.


Name: Hiroyuki Yoshimoto

Birthdate: October 28, 1967 (age 50)

Birthplace: Kyoto Prefecture

Education and career summary:
March 1991: Bachelor's degree, School of Human Sciences, Osaka University
May 2002: MBA, Carnegie Mellon University
April 1991: Nissho Iwai Corporation (currently Sojitz Corporation)
February 2008: Calsonic Kansei Corporation
April 2010: Executive Vice President
April 2012: Nissan Motor Co., Ltd.
January 2014: Representative Director and President, Nissan Motor Thailand Co., Ltd.
March 2015: Executive Consultant, Nidec Corporation
May 2015: Representative Director and President, Nidec Tosok Corporation
November 2016: Executive Vice President
January 2017: Representative Director and Chairman, Nidec Tosok Corporation (current position)
 June 2017: Director and Executive Vice President (current position)
 
Number of the Company’s shares in possession:821 (as of January 26, 2018)


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Nidec was established in Kyoto, Japan in 1973 by its Chairman, President and CEO Shigenobu Nagamori. In 1979, Nidec became the first company in the world to successfully commercialize a direct drive spindle motor for HDDs based on a brushless DC motor. Since then, the company has grown into a world-leading comprehensive motor manufacturer encompassing approximately 300 subsidiaries employing over 100,000 people throughout the world and with annual sales exceeding $10B. Nidec's motors, drives, generators and related products are found in a diverse range of applications including computers, smartphones, home appliances, automobiles, manufacturing plants, robots and more.

Contacts

Nao Maeda

Press contact Media Relations (China)

Izumi Nagata

Press contact PR Department +81 80-9674-9227

Kana Sato

Press contact PR Department +81 80-7998-4066

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​Nidec was established in Kyoto, Japan in 1973 by its Chairman Shigenobu Nagamori. In 1979, Nidec became the first company in the world to successfully commercialize a direct drive spindle motor for HDDs based on a brushless DC motor. Since then, the company has grown into a world-leading comprehensive motor manufacturer encompassing approximately 300 subsidiaries employing over 100,000 people throughout the world and with annual sales exceeding $10B. Nidec's motors, drives, generators and related products are found in a diverse range of applications including computers, smartphones, home appliances, automobiles, manufacturing plants, robots and more.

Nidec
Nidec head office (Kyoto, Japan)
338 Kuzetonoshiro-cho, Minami-ku 601-8205 Kyoto
Japan