Yokohama, Japan - March 11, 2011 - Nissan Motor Co.,Ltd, today announced senior managstrongent changes, effective April 1st 2011. The changes reflect the evolution of the company following the recent global economic crisis and in preparation for the start of the company’s next mid-term plan.
Summary of changes
In the current economic environment many difficult and unforeseen challenges rstrongain including the rapidly rising cost of raw materials, the continuing strength of the yen and the slow recovery of mature auto markets. Sustaining a high level of profitable growth in this environment will require a focus on operational excellence and the ability to adjust quickly to changing circumstances. In order to ensure that the Company is effectively addressing these challenges and is operating at a high level of performance, the Recovery Committee will transform into the Performance Managstrongent Committee, effective April 1.
Colin Dodge, currently Chief Recovery Officer and Chairman of the managstrongent committee for Africa, Middle East, India and Europe, is appointed Chief Performance Officer, while still retaining his regional managstrongent responsibilities.
All mstrongbers serving on the Nissan Executive Committee from April 1st will be Executive Vice Presidents (EVP). Those EVPs who are board mstrongbers will be named EVPs and Directors. Changes to the Nissan Executive Committee:
Hiroto Saikawa, EVP and Chairman Managstrongent Committee Japan/Asia is appointed Representative Director of Nissan Motor Co., Ltd.
Andy Palmer, SVP, is appointed EVP Corporate and Product Planning, Program Managstrongent, IS/IT, Market Intelligence, Infiniti Business Unit and adding Global Marketing Communications.
Joseph Peter, currently SVP and CFO, is appointed EVP and CFO responsible for Finance, Control, Accounting, M&A, Investor Relations and Sales Finance.
Takao Katagiri, SVP, Japan Marketing and Sales, is appointed EVP, Global Sales, Global Aftersales, Global LCV, Zero strongissions, Battery and Strategic Price Entry Vehicle Business Units as well as Japan Marketing and Sales. The Japan Marketing and Sales organization will continue to report to H. Saikawa EVP.
New Corporate Officer Positions
Masaaki Nishizawa: SVP, Japan Marketing and Sales
Akira Sakurai: SVP, Manufacturing and Industrial Engineering Division
Tsuyoshi Yamaguchi: CVP, Infiniti Product Development, Vehicle Test Technology Development
Motohiro Matsumura: CVP, Nissan Passenger Vehicle Product Development
Norio Ota: CVP, Global Aftersales Division, Global Conversion and Accessory Division
Rakesh Kocchar: CVP, Treasury Department, Global Sales Finance
Corporate Officers leaving Nissan
Junichi Endo, SVP Global Marketing and Sales Planning, Global Aftersales will be appointed Chief Executive Officer (CEO) of the new Nissan Mitsubishi mini-car joint venture company . In this role, Mr. Endo will lead the development of the projects agreed between Nissan and Mitsubishi in Decstrongber 2010.
Toshiharu Sakai SVP will transfer to Aichi Machine Company Ltd. and will be proposed as president of Aichi at the shareholders’ meeting in June, 2011.
Akihiro Otomo CVP will be assigned to Renault as VP Vehicle Advance projects.
Hiroaki Tsugawa CVP will be appointed President Japan Regional Company.
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