Shimayama To Become President Of Hitachi America, Ltd.
Messrs. Shimayama and Kuwata to be Elected to Board
Feb 3, 1998 00:00 AM
Hitachi America, Ltd., today announced that Tomoharu Shimayama will be appointed its new president, succeeding Tsuneo Tanaka, who as previously announced passed away on January 20, 1998. The appointment, which was designated by Hitachi, Ltd. (NYSE: HIT), parent of Hitachi America, Ltd. is expected to be effective following the completion of customary visa procedures.
Hitachi America also announced that Mr. Shimayama and Yoshiro Kuwata, senior executive managing director of Hitachi, Ltd., will be elected to Hitachi America' board of directors. Mr. Kuwata will remain based in Tokyo.
Mr. Shimayama, 56, joined Hitachi in 1964 and has considerable international experience in marketing and sales of power generation and industrial equipment. He most recently served as general manager of the Power Group in Tokyo, Japan, a position to which he was appointed in June 1997. Before that he was general manager of the International Business Planning & Development Group from 1995 to 1997. He is an economics graduate of Wakayama University, Wakayama, Prefecture.
Mr. Kuwata, 61, joined Hitachi, Ltd. in 1961 and has been senior executive managing director since June 1997. He previously served as executive managing director from 1995 to 1997 and was named group executive of International Business & Planning Development in 1995. He was named a board director in June 1993 and previously served as general manager of the Overseas Operation Promotion Office. Mr. Kuwata is a graduate of Keio University, Tokyo, Japan.
Hitachi America, Ltd., a wholly owned subsidiary of Hitachi, Ltd., Japan, markets and manufactures a broad range of electronics, computer systems and products and semiconductors, and provides industrial equipment and services throughout North America. For information on Hitachi in North America, please visit http://www.hitachi.us/.
Hitachi, Ltd., headquartered in Tokyo, Japan, is one of the world' leading global electronics companies, with fiscal 1996 (ending March 31, 1997) consolidated sales of 8,523 billion yen ($68.7 billion*). The company manufactures and markets a wide range of products, including computers, semiconductors, consumer products and power and industrial equipment. For more information on Hitachi, Ltd., please visit Hitachi' Web site at http://www.hitachi.co.jp.
* At an exchange rate of 124 yen to the dollar.