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EV motor maker Nidec's CEO search begins again after Nissan hires fail

Hard-driving founder Nagamori looks within company ranks for successor

Nidec founder Shigenobu Nagamori, speaking Sept. 2, said the company's new President Hiroshi Kobe is "probably the only one who'll tell me when I've screwed up." (Photo by Ryotaro Sato)

KYOTO -- The departure of former Nissan Motor executive Jun Seki as president of Japanese motor maker Nidec is a turning point in founder Shigenobu Nagamori's long-running search for a successor to run his 5 trillion yen ($36 billion) company.

The hard-charging Nagamori, who serves as chairman and CEO, said Friday that he will choose a new president in April 2024.

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