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Japan's Nidec brings back founder Nagamori as CEO

Motor maker aims to regain investor confidence amid share slide

Japan's Nidec says it has brought back founder and Chairman Shigenobu Nagamori as CEO after its share price dove by over a third in 2021 amid slower-than-expected growth. (Photo by Tomoki Mera)

TOKYO -- Japan's Nidec has brought back founder and Chairman Shigenobu Nagamori to serve as CEO, demoting his successor Jun Seki after less than a year in the top position at the motor maker.

Seki will instead serve as chief operating officer, the company said on Thursday.

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