Nidec Selects Five Persons to Serve as Executive Vice Presidents

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today it has passed a resolution in an extraordinary meeting of the Board of Directors held on March 10, 2023 on five persons to be appointed to serve as the Company’s Executive Vice Presidents from April 1, 2023. They were selected based on the Company’s selection policy and criteria deliberated by the Nomination Committee. The Company will appoint one of these five Executive Vice Presidents as President effective in April 2024.

New Five Executive Vice Presidents (as of April 1, 2023) *In the order of joining the Nidec Group

No.	Name	New post as of April 01, 2023	Current post
1	Toshiyuki Otsuka	Executive Vice President Representative Director and President, Nidec Instruments Corporation	Representative Director and President, Nidec Sankyo Corporation
2	Tatsuya Nishimoto	Executive Vice President Executive General Manager of Nidec Machinery and Automation Business Unit Representative Director and President, Nidec Drive Technology Corporation	Representative Director and President, Nidec-Shimpo Corporation
3	Yoshihisa Kitao	Executive Vice President Executive General Manager of Group Companies Business Unit In charge of managing Small Platform Motor & Solutions Business Unit	First Senior Vice President Executive General Manager of Group Companies Business Unit
4	Toshihiko Koseki	Executive Vice President CTO, in charge of managing Nidec Product Technology R&D Center, Nidec Center for Production Technology R&D, Nidec System Manufacturing Engineering Center	First Senior Vice President CTO, in charge of managing Nidec Center for Industrial Science and Technology, Global Production Engineering Division
5	Mitsuya Kishida	Executive Vice President Executive General Manager of Automotive Motor & Electronic Control Business Unit	First Senior Vice President Executive General Manager of Automotive Motor & Electronic Control Business Unit CEO in Europe of Automotive Motor & Electronic Control Business Unit In charge of supervising Business in USA & Europe of Automotive Motor & Electronic Control Business Unit

More detailed information is available at:

https://www.nidec.com/-/media/www-nidec-com/corporate/news/2023/0313-01/230313-01e.pdf

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Contacts

Masahiro Nagayasu

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com