FOR IMMEDIATE RELEASE
| Nidec Corporation |
| Tokyo Stock Exchange code: 6594 |
| Contact: |
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| Masahiro Nagayasu |
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| General Manager |
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| Investor Relations |
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| +81-75-935-6140 |
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| ir@nidec.com |
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Released on February 15, 2018, in Kyoto, Japan
Nidec Appoints New President and Chief Operating Officer
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today 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 |
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| Further strengthen the Company’s management system in order to achieve its mid-term strategic goal, Vision 2020. |
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| 2. Appointment of a new representative director |
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| (1) Details |
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| Mr. Hiroyuki Yoshimoto |
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| Current position: Director and Executive Vice President |
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| New position: Representative Director, Executive Vice President and Chief Operating Officer | ||
| (2) Effective date: April 1, 2018 | ||
| 3. Appointment of new President |
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| (1) Details
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| Mr. Shigenobu Nagamori | ||
| Current position: Representative Director, Chairman, President and Chief Executive Officer New position: Representative Director, Chairman and Chief Executive Officer |
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| Mr. Hiroyuki Yoshimoto | ||
| Previous position: Representative Director, Executive Vice President and Chief Operating Officer New position: Representative Director, President and Chief Operating Officer |
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| (2) Effective date: June 20, 2018 |
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| 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. |
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Brief personal history of Mr. Hiroyuki Yoshimoto, the newly appointed President and Chief Operating Officer is as follows.
| Name: | Hiroyuki Yoshimoto |  |
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| Birthdate: | October 28, 1967 (age 50) | ||
| Birthplace: | Kyoto Prefecture |
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| 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) |
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| June 2017: | Director and Executive Vice President (current position) | ||
| Number of the Company’s shares in possession:821 (as of January 26, 2018) | |||
