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Daikin Industries Ltd., Japan inducts Jawa onto its board

Daikin Industries Ltd. (DIL), Japan has inducted Kanwaljeet Jawa, CEO and managing director of Daikin Air-conditioning India Pvt. Ltd. (DAIPL) onto its board. Jawa is 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 DIL’s strategy to include leadership representation from emerging markets and promote ethnic and gender diversity on their boards. DIL 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.

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 a revenue of `3313 crore (JPY 53.2 billion). Embodying people-centered management, he involved himself in fostering people for the next generation and participation in the human resources development program by the governments of India and Japan, thereby contributing to the Indian economy.

“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.”

Toshio Nakano
Chairman,
DIT and DAIPL

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