TOKYO : Japanese electric motor company Nidec Corp on Monday lined up five contenders to eventually take the reins as chairman from the firm's no-nonsense 78-year-old founder, Shigenobu Nagamori.The move marked the latest chapter in a long-running succession struggle at the firm, in which Nagamori last ye
TOKYO : Japanese electric motor company Nidec Corp on Monday lined up five contenders to eventually take the reins as chairman from the firm's no-nonsense 78-year-old founder, Shigenobu Nagamori.
Nidec said its board of directors had on Friday decided to name five people Executive Vice Presidents from April 1. One of the five will be selected to serve as President from April 2024. Nagamori himself will become representative of the board in April 2024, when he will give up his current roles of Chairman and CEO to incumbent President Hiroshi Kobe, the Kyoto-based firm said in a statement.
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