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Daikin Industries Ltd. Japan Inducts First Indian On The Board

Daikin Air-conditioning India Pvt. Ltd., a 100 percent subsidiary of Daikin Industries Ltd., Japan having net sales of USD 20 billion has announced the inclusion of Kanwaljeet Jawa, CEO and Managing Director of Daikin India to the Daikin Industries Limited, Japan board.

Jawa is if the first Indian on the Daikin Industries Limited, Japan board and will be part of the 10 member board council, that underscores the vision and mission at Daikin. This marks Daikin’s strategy to include leadership representation from emerging markets and promote ethnic and gender diversity on their boards. Today, Daikin Industries Limited finds significant contribution from overseas businesses led by local management across the globe, and believes that increased diversity can lead to new ways of working and progress.

Confirming the board seat, Toshio Nakano, Chairman DIT and DAIPL said, “This is a move as per the Daikin corporate governance code, urging us to make boards more open to gender balance and people with international backgrounds. Institutional investors and shareholders are also supporting our approach that supports boardroom diversity, imperative to operating global organizations in a borderless world. Jawa has been the change agent for Daikin India’s turnaround since 2010, and we are happy to promote him and bestow additional responsibilities that mirror Daikin’s vision and goals going forward.”

Kanwaljeet Jawa joined Daikin India in 2010 as the COO and later emerged as the MD and CEO who transformed an engineering company to a full scale HVAC organization powered by a local R&D Facility, Japan Institute of Manufacturing Excellence (JIM) and a 40 acre super HVAC manufacturing facility at Rajasthan.

Under his leadership, Daikin India achieved JPY 53.2 billion and established its No.1 position in the Indian market. Embodying people-centered management, the fundamental principle of Daikin, he had involved himself in fostering people for the next generation; participation in the human resources development program by the governments of India and Japan, thereby contributing to the Indian economy. – TV Veopar Journal Bureau

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