Dec 27 (Nikkei) - Panasonic has named a female executive to lead a subsidiary with some 4,000 employees, a highly unusual move for the nearly century-old Japanese electronics company.
Panasonic Age-Free is now led by President Eiichi Katayama, who doubles as the Panasonic executive officer in charge of the eldercare business. The former Merrill Lynch Japan Securities analyst took up the presidency in July to spearhead restructuring and lift the business into the black. Katayama will stay on as executive officer and focus on drawing up medium- to long-term growth strategies after Morimoto starts as president.
Panasonic Age-Free is now led by President Eiichi Katayama, who doubles as the Panasonic executive officer in charge of the eldercare business. The former Merrill Lynch Japan Securities analyst took up the presidency in July to spearhead restructuring and lift the business into the black. Katayama will stay on as executive officer and focus on drawing up medium- to long-term growth strategies after Morimoto starts as president.
