For the first time in the 45-year history of Nidec, it named a new president, Hiroyuki Yoshimoto. He becomes the first person to hold the post after the company’s founder Shigenobu Nagamori. Nagamori will remain at the helm of the company as chairman and CEO, together with Yoshimoto as the new president and chief operating officer. Currently the Nidec group employs over 100,000 people in more than 40 countries and manufactures motors and related products for a wide range of applications including information technology equipment, home appliances, electric vehicles and other automobiles, robots, drones, industrial facilities, and more.