Mumbai/Jammu, February 06, (Scoop News)- Hitachi India announced appointment of Kojin Nakakita as Managing Director who will be responsible to grow Hitachi’s “Social Innovation Business” in India. Currently, Mr. Nakakita is the Deputy Managing Director of Hitachi India.
Hitachi, Ltd. Also announced the promotion of Ichiro Iino as Chief Executive for Asia Pacific from Managing Director of Hitachi India, who will be responsible to grow Hitachi’s “Social Innovation Business” in ASEAN, India, Korea and Oceania. Both appointments will be effective April 1, 2015.
Under the 2015 Mid-term Management Plan, Hitachi aims to achieve an overseas sales ratio of more than 50%, while expanding business in the global market for its Social Innovation Business.
Mr. Iino will develop regional growth strategies, promote localization and will be responsible to effectively utilizing management resources. In addition to having overall responsibility for regional profitability, Mr. Iino will have the authority to make investments in new business areas where growth is expected and will be accountable for achieving positive returns on these investments. This is part of Hitachi’s transition to an “autonomous decentralized global management” structure in which each region is able to lead its business autonomously.
Mr. Iino most recently served as Managing Director of Hitachi India Pvt. Ltd. and has been proactively expanding business opportunities in India for the past four years as the first Managing Director.
In his new role, Mr Iino will be responsible for business development in four key areas: healthcare solutions, collaborative solutions with developers and conglomerates, and home appliance business targeting the B2B market, and financial solutions.
“Previously, Oceania and Korea are not under the purview of any region’s Chief Executive. The fact that they are now under my responsibility is testament of the growing importance of the APAC region to Hitachi, and proof of how the company is accelerating its globalization and transformation into a global major player. I will work closely with the Managing Directors in ASEAN, India, Korea and Oceania to customize business expansion plans for each region,” said Mr. Iino.
“The “autonomous decentralized global management” structure is necessary to resolve a variety of global issues that are becoming increasingly complex and borderless. With the autonomy to act as a control tower, I will be able to better develop solutions with Hitachi’s customers through “creative collaboration”. In addition, I will be able to expand our investments in the Social Innovation Business, where growth is expected particularly for social infrastructure related business to increase our profit,” he added.
In his new role, Mr. Nakakita will lead Hitachi India to become an independent, self-reliant entity as the Hitachi Group moves towards “autonomous decentralized global management”. He said, “India is a promising big market and a strategic region for Hitachi. Hitachi has been present in India since the 1930s. Now with the new government unveiling ambitious plans for the country’s growth, there are increasing business opportunities in which Hitachi can further contribute to the economy and betterment of society such as in the areas of Water, Oil & Gas, Railway, Healthcare, and Payment service & IT solutions. These are also key business sectors that Hitachi is expanding in India.”
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