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Panasonic names Kusumi new CEO, replacing Tsuga

Current chief will become chairman without representative rights

Panasonic's next CEO will be Yuki Kusumi, who is currently the head of the company's automotive business and is expected to accelerate business restructuring to get the company on a growth path. (Photo by Tomoki Mera)

OSAKA -- Panasonic said on Friday it has appointed Yuki Kusumi, managing executive officer, as its next chief executive officer effective on April 1, replacing Kazuhiro Tsuga.

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