Hitachi to expand its Social Innovation Business Globally

Will appoint chief executives responsible for local business in four global regions

Hitachi said it will appoint Chief Executives, who will function as representatives of the Hitachi Group in interactions with regional companies and customers, in four global regions – the Americas, China, Asia/Pacific, and Europe/Russia / Middle East and other areas.

This change is being made to accelerate Hitachi’s growth in the global market and will take effect on April 1, 2015. In addition to creating regional growth strategies, promoting localization, and effectively utilizing management resources, the Chief Executives will have authority to make investments in new business areas where growth is expected and will be accountable for achieving positive returns on these investments.
The Chief Executives will implement a transition to an “autonomous decentralized global management” structure in which each region leads its business autonomously. Hitachi will expand its Social Innovation Business on a global scale, in order to reach the goals set forth in its 2015 Mid-term Management Plan, which will enter its final year in FY2015, and to achieve further growth in 2016 and beyond.

In the Americas where economic growth is expected, Jack Domme, currently CEO of Hitachi Data Systems Corporation will be appointed Chief Executive for the Americas.
In China, where stable, sustainable growth is expected, KenichiKokubo will continue as Chief Executive for China. In the Asia-Pacific region, where social infrastructure-related demand is very strong, Ichiro Iino will be appointed Chief Executive for the Asia-Pacific. Iino will promote solutions targeting the healthcare industry through collaborations with local partnersin Singapore, India, and other countries in that region, and he will promote new financial solutions targeting Japanese banks that are expanding operations in Asia.

In Europe/ Russia / Middle East and other areas (“EMEA?CIS”), which is expected to see demand for upgrades in social infrastructures and market expansion in the healthcare field, Klaus Dieter Rennert will continue to serve as Chief Executive for EMEA?CIS.

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