Nidec Appoints New President and Chief Operating Officer

KYOTO, Japan, Feb. 15, 2018 -- Nidec Corporation (TSE:6594) (OTC US:NJDCY) (the “Company”) today announced the following personnel changes based on the resolution at a meeting of the Board of Directors held on February 15, 2018.

1. Reason for the changes
Further strengthen the Company’s management system in order to achieve its mid-term strategic goal, Vision 2020.

2. Appointment of a new representative director

(1) Details
Mr. Hiroyuki Yoshimoto
Current position: Director and Executive Vice President
New position: Representative Director, Executive Vice President and Chief Operating Officer

(2) Effective date: April 1, 2018

3. Appointment of new President

(1) Details
Mr. Shigenobu Nagamori
Current position: Representative Director, Chairman, President and Chief Executive Officer
New position: Representative Director, Chairman and Chief Executive Officer

Mr. Hiroyuki Yoshimoto
Previous position: Representative Director, Executive Vice President and Chief Operating Officer
New position: Representative Director, President and Chief Operating Officer

(2) Effective date: June 20, 2018　　　　　　　　　　　　　　　　　　　　　　　　
This personnel change will take effect on June 20, 2018 upon shareholder approval at the Regular General Meeting of Shareholders and a subsequent meeting of the Board of Directors to be held on the same day.

Brief personal history of Mr. Hiroyuki Yoshimoto, the newly appointed President and Chief Operating Officer is as follows.

Education and career summary:                  

Number of the Company’s shares in possession: 821 (as of January 26, 2018)