Nidec COO to step down, leave company - Nikkei (updated)
25/08/2022 03:07
(Adds comments from Nidec spokesperson, details)
TOKYO, Aug 25 (Reuters) - Japanese electric motor company
Nidec Corp 6594.T Chief Operating Officer Jun Seki intends to
step down from the position and leave the company, the Nikkei
newspaper reported on Thursday.
The company hasn't announced that Seki is stepping down from
his post or leaving the company, a Nidec spokesperson told
Reuters, adding that no decision has been made.
In its report, the Nikkei said Hiroshi Kobe, vice chairman,
would take over Seki's post.
Bloomberg first reported on Seki's intentions. The company
is planning to roll out a new leadership in October, Bloomberg
reported.
Shigenobu Nagamori, who founded Nidec in 1973 and is also
its chairman, recruited Seki, a former Nissan Motor Co 7201.T
executive, in 2020 to help Nidec's drive to become a major
player in components for next-generation automobiles.
Seki became chief executive officer, the position Nagamori
held, in 2021. However, Nagamori took over the CEO position less
than a year later, saying he wanted to improve the business
performance. urn:newsml:reuters.com:*:nL2N2WJ0BR.
Nidec's shares were down 2.7% during mid-morning trade on
Thursday, while Japan's benchmark Nikkei .N225 was up 0.5%.
(Reporting by Satoshi Sugiyama; Editing by Jacqueline Wong &
Shri Navaratnam)
((Satoshi.Sugiyama@thomsonreuters.com;))