Nidec Board Sees Director Resignation and Title Change

## Nidec Corporation Navigates Leadership Transition: Founder Nagamori Steps Down as Chairman, Kishida Takes Helm

**KYOTO, Japan** – Nidec Corporation, a global leader in electric motor manufacturing, has announced a significant leadership change, with founder and long-serving Chairman Shigenobu Nagamori stepping down from his role as Chairman of the Board. Mitsuya Kishida, currently the Representative Director, President, and CEO, will assume the position of Chairman of the Board, alongside his existing responsibilities. Nagamori will transition to the newly created role of Chairman Emeritus, a non-full-time position, signifying his continued, albeit advisory, connection to the company he built.

This transition marks a pivotal moment for Nidec, a company renowned for its innovation and dominance across a wide array of industries, from automotive components to consumer electronics and industrial machinery. Nagamori’s departure from the active chairmanship closes a chapter defined by his visionary leadership and relentless drive for growth. His influence has been instrumental in transforming Nidec into a multi-billion dollar enterprise, deeply embedded in global supply chains.

The strategic importance of this leadership evolution cannot be overstated. Nidec operates in sectors experiencing rapid technological advancements and intense competition. The automotive industry, in particular, is undergoing a seismic shift towards electrification, demanding sophisticated motor technologies and efficient power management solutions. Nidec’s ability to maintain its competitive edge hinges on its capacity to adapt and innovate in this dynamic landscape.

Nagamori’s move to Chairman Emeritus suggests a deliberate strategy to leverage his deep institutional knowledge and entrepreneurial spirit in a more focused, guiding capacity. This role allows him to impart his foundational ethos and strategic insights to the next generation of leadership, without the day-to-day operational demands. His continued involvement is likely aimed at ensuring the smooth transfer of strategic vision and fostering a culture of continuous improvement that has characterized Nidec’s success.

Kishida’s ascension to Chairman of the Board, in addition to his CEO responsibilities, positions him to provide unified leadership during this critical juncture. His tenure as President and CEO has already seen Nidec navigate complex market dynamics and pursue ambitious growth strategies, including significant investments in advanced technologies and global expansion. The combined role of CEO and Chairman is a common structure in many global corporations, often intended to streamline decision-making and enhance executive accountability.

Analysts will be closely watching how Nidec’s strategic direction evolves under this new leadership structure. Key areas of focus will include the company’s continued investment in research and development for next-generation electric vehicle (EV) powertrains, its expansion into emerging markets, and its ability to capitalize on the growing demand for high-efficiency motors in data centers and renewable energy applications. The transition also raises questions about succession planning for key executive roles within the broader Nidec Group.

Nidec’s success has been built on its mastery of precision engineering and its ability to scale production efficiently. As the global economy grapples with supply chain vulnerabilities and the imperative for sustainable manufacturing, Nidec’s established operational expertise and diversified product portfolio place it in a strong position. However, maintaining this leadership requires astute strategic foresight and agile execution, qualities that will be tested under the new leadership. The company’s ability to foster innovation, integrate new technologies, and attract and retain top talent will be crucial in shaping its future trajectory.