Nidec sets up nomination committee to address succession issue

Move to increase transparency, confidence comes after predecessor CEO was forced out

20221108 GMF Day1 Nidec Founder Shigenobu Nagamori for interview

Nidec's founding chairman and CEO, Shigenobu Nagamori, talks to Nikkei reporters after speaking at the Nikkei Global Management Forum on Tuesday.

MITSURU OBE, Nikkei Asia chief business news correspondent

TOKYO -- Japanese motor maker Nidec has established a nomination committee as the company's founding chairman and CEO, Shigenobu Nagamori, looks for his successor, he said in an interview on the sidelines of Nikkei's two-day Global Management Forum on Tuesday.

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