KYOTO, Japan, July 20, 2006 (PRIMEZONE) -- Nidec Corporation (the "Company") (NYSE:NJ) announces today the appointment of Nobuhiko Ohta, formerly Senior Vice President of Corporate Coverage Department of Calyon Corporate and Investment Bank, Tokyo, as the director of its Corporate Strategy Office (the "Unit").
Jyuntaro Fujii, the current Executive Vice President of the Company and the former director of the Unit, continues to oversee the overall operations of the Unit.
These changes have become effective on July 21, 2006.
The Unit, organized in June 2006, defines strategic options in mergers and acquisitions to assist the Company's long-term business expansion plan.
1. Change in Positions and Responsibilities
Name New Positions & Previous Positions &
Responsibilities Responsibilities
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Jyuntaro Fujii Executive Vice President, Executive Vice President,
Supervisor of Director of
Corporate Strategy Office Corporate Strategy Office
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Nobuhiko Ohta Director of Senior Vice President of
Corporate Strategy Office Corporate Coverage
Department of Calyon
Corporate and Investment
Bank, Tokyo
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