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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.

Seki, who briefly served as the third-ranking executive at Nissan Motor before jumping ship to Nidec, will answer only to Chairman and CEO Shigenobu Nagamori. Seki will assume his new title at the beginning of next month.

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