TOKYO -- Japanese motor maker Nidec said on Thursday that its founder, Shigenobu Nagamori, will hand over the presidency in June, in a move aimed at determining a successor for one of the most revered entrepreneurs in the country.
He will retain his position as chairman and CEO, the Kyoto-based company announced. Vice President Hiroyuki Yoshimoto, 50, is to take over as president after the annual shareholders' meeting in June.
