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Companies

Nidec conducts mass demotions to clear way for Nissan's Seki

Japanese motor maker ditches management-by-committee for top-down approach

Jun Seki, left, will form a two-man leadership team with Nidec Chairman and CEO Shigenobu Nagamori after becoming president in April. (Photo by Hiromasa Matsuura)

TOKYO -- Japanese electric motor manufacturer Nidec has downgraded the positions of a slate of top-level executives in order to concentrate power in the hands of Jun Seki, the incoming president, the company said Friday.

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