Image - 20 June 2018

Hiroyuki Yoshimoto

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Contacts

Nao Maeda

Press contact Media Relations (China) newsdesk@nidec.com

Izumi Nagata

Press contact PR Department nagata.izumi@nidec.com +81 80-9674-9227

Kana Sato

Press contact PR Department sato.kana@nidec.com +81 80-7998-4066

Hiroyuki Yoshimoto Assumes Office as New Nidec President

For the first time in the 45 year old history of the Kyoto-based multinational manufacturer of electric motors, Nidec has a new president, as Hiroyuki Yoshimoto becomes the first person to hold the post after the company’s founder Shigenobu Nagamori. The appointment was approved on June 20 at the 45th regular general meeting of shareholders and a subsequent meeting of the board of directors.

For Everything That Spins and Moves

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.