On the 30th, Nidec announced that its president had changed, with Kaida Masao (戒田 理夫), 70, taking office as president effective 29th. This is the first time founder Nagamori Shigenobu (永守 重信) has taken office as president since stepping down during an investigation into suspected accounting fraud.
Nidec, which underwent a shock change at the top, launched its new management structure on the 30th. Kaida Masao (戒田 理夫) was selected as the new president and formally took office on the same date. Kaida is the first president since the departure of founder Nagamori Shigenobu (永守 重信).
Nagamori led the group for many years but left the company while an investigation into suspected accounting fraud was under way. There is a view that his successor, Kaida, will face significant challenges from the outset.
The reforms to corporate culture and governance pursued by former president Kishida Mitsuya (岸田 光哉) had only just begun, and under Kaida they are entering a new phase aimed at recovery.