Nidec Chairman Quits Board After Spate of Accounting Issues
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Nidec Corp. said its founder Shigenobu Nagamori will step down from his position as chairman of the board, following the discovery of a series of accounting issues dating back years. The 81-year-old has voluntarily resigned his post, the world’s largest maker of mini-motors said in a statementBloomberg Terminal. Nagamori stepped down from the role of chief executive officer in 2024, but continued to hold representative rights and remained on the board. Nidec’s current CEO Mitsuya Kishida will take his place.