Home / World News / Panasonic appoints company veteran Kusumi as CEO, replacing Tsuga

Panasonic appoints company veteran Kusumi as CEO, replacing Tsuga

The change comes as Panasonic has begun to benefit from a partnership with Tesla, which was central to the incumbent chief's strategy.

Panasonic sets up R&D units with TCS, Tata Elxsi

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The company focus on business customers, however, has yet to generate stable profits, and the new chief is likely to be tasked with further overhauling a sprawling business portfolio

Reuters

2 min read Last Updated : Nov 14 2020 | 2:00 AM IST

Japan's Panasonic Corp has appointed its head of automotive business Yuki Kusumi as the company's next chief executive officer, replacing Kazuhiro Tsuga, who was the architect of a partnership with Tesla Inc.

The 55-year-old will take the reins on April 1, Panasonic said on Friday, after a three-decade career at the company which has seen Kusumi lead the automotive component business and the TV operations, much like his predecessor. Tsuga, 63, will become chairman.

The change comes as Panasonic has begun to benefit from a partnership with Tesla, which was central to the incumbent chief's strategy.

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Topics : Panasonic Japan

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