Hitachi Ltd. Announces Management Changes, Effective from April 1, 2014
January 08, 2014 at 06:57 am
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Hitachi Ltd. announced the change of Chairman and President in accordance with a resolution passed by a meeting of the board of directors held on January 8, 2014. Toshiaki Higashihara, Senior Vice President and Executive Officer, effective from April 1, 2014 appointed as Director. Hiroaki Nakanishi is currently Director, Representative Executive Officer and President will be appointed as a Director who chairs meetings of the board of directors.
Toshiaki Higashihara is currently Senior Vice President and Executive Officer, in charge of Medical Systems Business, President & CEO of Infrastructure Systems Group and Infrastructure Systems Company. Toshiaki Higashihara will be proposed as a Director candidate at Hitachi's ordinary general meeting of shareholders in June 2014, and, upon approval at the meeting, Mr. Higashihara will assume the position of Director. Takashi Kawamura is currently Chairman of the board to be resign as Chairman of the board on March 31, 2014, and will be appointed as a Chairman Emeritus after retiring from the position of Director at the close of the Hitachi's ordinary general meeting of shareholders in June 2014.
Hitachi specializes in manufacturing and marketing of electronic and industrial equipments. Net sales (including intragroup) break down by family of products and services as follows:
- social infrastructure and industrial systems (24.7%): elevators, escalators, industrial facilities, railway systems, power generation units, etc. The group also provides engineering and construction of nuclear, hydroelectric, and thermal power plants services;
- information and telecommunications products and services (20.1%): systems integration, cloud computing, software, servers, hard disks, PCs, ATMs, data communication base stations, payment terminals, etc.;
- materials and components (16.6%): semi-conductor materials, printed circuit cards, cables, copper and forged steel products, magnetic materials, organic and inorganic chemical products, etc.;
- construction equipment (10%) : hydraulic excavators, wheel loaders, mining equipment, etc.;
- automotive systems (9.4%): powertrain systems, control systems, etc.;
- electronic products (9.2%): fiber-optic components, screen tubes, testing and measurement equipment, medical equipment, equipment for manufacturing semiconductors, etc.;
- household appliances (4.7%): heating and air conditioning equipments, refrigerators, washing machines, etc.;
- other (5.3%): mainly transport, financial and logistical services.
Net sales are distributed geographically as follows: Japan (49.2%), Asia (21.3%), North America (12.7%), Europe (10.8%) and other (6%).
HITACHI, LTD. 
