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Former Hitachi chief Hiroaki Nakanishi dies at 75

Hiroaki Nakanishi, a businessman who led the transformation of the electrical conglomerate Hitachi and contributed to the reform of corporate governance in Japan, died of lymphoma at the age of 75.

Mr. Nakanishi, who became the most influential Japanese executive of his generation, Suddenly got off From the role of Keidanren Federation Chairman in May after the recurrence.

Mr. Nakanishi is important in convincing Keidanren to support Japan’s commitment to achieve carbon neutrality by 2050, despite the Group’s long-standing resistance to climate change efforts, as well as its governance efforts. Played a role.

“I’m 100% confident that it wouldn’t have happened if Keidanren wasn’t chaired by Mr. Nakanishi,” said Takeshi Niinami of Suntory, who served as Mr. Nakanishi on the government’s economic policy council.

Nakanishi graduated from electrical engineering at the University of Tokyo in 1970 and joined Hitachi the following month. He was promoted from factory manager to head of European operations until he was dispatched to run a subsidiary in 2007. This is the usual comfort award for missing a top job at a Japanese company.

But after Hitachi lost 778 billion yen in 2009, the worst number ever recorded by Japanese maker Nakanishi and a few colleagues. Summoned To the parent group. In 2010 he became president of the company.

Nakanishi then conversion That became the textbook approach to reviving the traditional Japanese conglomerate. Hitachi had a number of listed subsidiaries.Nakanishi either sold out Or acquired a minority shareholder and transformed the company into a more focused engineering group.

During President Nakanishi’s term, Hitachi’s operating margin rose from 2.3% in 2009 to 6.3% in 2015, the company said. He chaired the board of directors in 2016.

Masako Egawa, a professor of business administration at Hitotsubashi University, said, “The things they did in restructuring the portfolio were so radical and effective that they received a great deal of respect from Japanese companies.”

Mr. Nakanishi established a Western-style board of directors at Hitachi. Majority of non-executive directors, Including women and foreigners. “Unlike many Japanese businessmen, he really appreciated the role of an independent director,” Egawa said.

Inaugurated as Keidanren Chairman in 2018 Voice of Japanese business.. Mr. Nakanishi struggled to get a fellow CEO on corporate governance, but by abolishing the forced employment season, Japan changed the way Japan hires new graduates.

“From his reforms to hiring college graduates [Nakanishi] “We have made proposals to increase the liquidity of the labor force and strengthen Japan’s competitiveness,” said Mr. Tomio Mitarai, Chairman of Canon.

Tatsuo Yasunaga, chairman of trading company Mitsui & Co., said that as chairman of Keidanren, Mr. Nakanishi has promoted Japan toward digital transformation and decarbonization.

“I worked closely with Mr Nakanishi and was deeply impressed with his obligations and his commitment to Japan’s future, even while fighting the disease,” Yasunaga said.

According to Sina, even if the two business leaders had disagreements, Nakanishi always accepted other opinions, had a cheerful personality, and created an environment for constructive discussions.

“He was unconventional and flexible, and was able to absorb something new,” Sina said. “There is no Nakanishi anymore. That is a big loss for the country.”

Former Hitachi chief Hiroaki Nakanishi dies at 75 Source link Former Hitachi chief Hiroaki Nakanishi dies at 75. California News Times

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