(March 29, 2011)
NTN Corporation (hereafter, NTN) announces that its Board of Directors approved on March 28, 2011, a resolution to change the President as described below.
This change will become an official decision by the Board of Directors after approval at the FY2010 annual meeting of stockholders to be held on June 24, 2011.
1. Change of President
(1) Reason for change
With the three-year medium-term management plan commencing in April 2011, we are reshaping the management structure to achieve higher performance, recognizing the importance of speedy business expansion in the growing markets of the world by enhancing our “Monozukuri” capability and reorganizing our global production structure.
(2) Change of President (slated to be effective June 24, 2011)
(New position) (Name) (Current position)
President Shigeyoshi Takagi Director
(3) Name and profile of the new President
Name Shigeyoshi Takagi
Date of birth April 11, 1951
Birthplace Shizuoka Prefecture, Japan
Academic background Department of Electrical Engineering, Faculty of Engineering, Shizuoka University
Business career 1975 Joined NTN Toyo Bearing Co., Ltd. (now NTN Corporation)
2000 General Manager of Product Engineering Research Institute
2001 General Manager of Engineering Administration Dept., Headquarters
2007 General Manager of Kuwana Works
2008 Executive Officer (General Manager, Mono-zukuri Headquarters)
Executive Officer (Deputy General Manager - Americas Region and President of NTN-Bower Corp.)
2010 Executive Officer (in charge of Production Planning Dept. and Production Engineering Planning Dept.)
Director (in charge of Production, Procurement and Logistics)
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