Ichiro Iino promoted as New Chief Executive APAC & Appoints Kojin Nakakita as New MD, Hitachi India

To accelerate autonomous decentralized global management

Online PR News – 06-February-2015 – New Delhi – Hitachi, Ltd. today announced the promotion of Mr. Ichiro Iino as Chief Executive for Asia Pacific from Managing Director of Hitachi India, who will be responsible to grow Hitachi’s “Social Innovation Business” in ASEAN, India, Korea and Oceania. Also, Hitachi India announced appointment of Mr. Kojin Nakakita as Managing Director who will be responsible to grow Hitachi’s “Social Innovation Business” in India. Currently, Mr. Nakakita is the Deputy Managing Director of Hitachi India.

Mr. Iino will succeed Mr. Kiyoaki Iigaya, who is returning to Japan to assume the post of President of Hitachi Document Solutions Co., Ltd. He will also take over the role as new Chairman of Hitachi Asia Ltd. and Hitachi India Pvt. Ltd. from Mr. Iigaya.

Mr. Nakakita will succeed Mr. Ichiro Iino, who will be assigned Chief Executive for Asia Pacific as well as Chairman of Hitachi Asia Ltd. and Hitachi India Pvt. Ltd.

Both appointments will be effective April 1, 2015.

Under the 2015 Mid-term Management Plan, Hitachi aims to achieve an overseas sales ratio of more than 50%, while expanding business in the global market for its Social Innovation Business. Mr. Iino will develop regional growth strategies, promote localization and will be responsible to effectively utilizing management resources. In addition to having overall responsibility for regional profitability, Mr. Iino will have the authority to make investments in new business areas where growth is expected and will be accountable for achieving positive returns on these investments. This is part of Hitachi’s transition to an “autonomous decentralized global management” structure in which each region is able to lead its business autonomously.

Mr. Iino most recently served as Managing Director of Hitachi India Pvt. Ltd. and has been proactively expanding business opportunities in India for the past four years as the first Managing Director. In this short period of time, he has successfully transformed Hitachi India into a full-fledge regional headquarter by restructuring the organization to generate new businesses addressing regional needs. He also led Hitachi group companies in the South Asia region under the “One Hitachi” initiative, to provide customers with the full value chain of services as one entity.

In his new role, Mr Iino will be responsible for business development in four key areas: healthcare solutions, collaborative solutions with developers and conglomerates, and home appliance business targeting the B2B market, and financial solutions.

“Previously, Oceania and Korea are not under the purview of any region’s Chief Executive. The fact that they are now under my responsibility is testament of the growing importance of the APAC region to Hitachi, and proof of how the company is accelerating its globalization and transformation into a global major player. I will work closely with the Managing Directors in ASEAN, India, Korea and Oceania to customize business expansion plans for each region,” said Mr. Iino.

“The “autonomous decentralized global management” structure is necessary to resolve a variety of global issues that are becoming increasingly complex and borderless. With the autonomy to act as a control tower, I will be able to better develop solutions with Hitachi’s customers through “creative collaboration”. In addition, I will be able to expand our investments in the Social Innovation Business, where growth is expected particularly for social infrastructure related business to increase our profit,” he added.

Mr. Iino began his career in Hitachi in 1980 when he joined the company’s International Operations Group, after graduating from Hokkaido University with a Bachelor of Engineering. He has since accumulated extensive experience in sales and marketing, and business management in the field of social infrastructure and industrial systems in various positions in his career.

From 2001 to 2004, he was appointed General Manager, Overseas Marketing Department, Mitsubishi-Hitachi Metals Machinery, Inc., a joint venture between Mitsubishi Heavy Industries, Ltd. and Hitachi, Ltd.

In 2004, Mr. Iino was assigned as General Manager, Global Industrial Systems Department, Industrial Systems Sales Division. In 2009, he was Executive General Manager, Industrial Systems and Solutions Division, Sales & Marketing Division, Industrial & Social Infrastructure Systems Company. In these, Mr. Iino played an instrumental role in the development and promotion of the Hitachi Group’s sales and marketing strategies of products, services and solutions that impact daily lives and society as a whole.

In his new role, Mr. Nakakita will lead Hitachi India to become an independent, self-reliant entity as the Hitachi Group moves towards “autonomous decentralized global management”. He said, “India is a promising big market and a strategic region for Hitachi. Hitachi has been present in India since the 1930s. Now with the new government unveiling ambitious plans for the country’s growth, there are increasing business opportunities in which Hitachi can further contribute to the economy and betterment of society such as in the areas of Water, Oil & Gas, Railway, Healthcare, and Payment service & IT solutions. These are also key business sectors that Hitachi is expanding in India.”

Mr. Nakakita began his career in Hitachi in 1988 when he joined the company’s Heavy Industry Department, Headquarters Sales Office, after graduating from the United State International University with Bachelor of Science. He possesses a strong background in social infrastructure business development, particularly in the water treatment, smart cities and heavy industry equipment industries. His long experience in the Industrial Systems Group also came in handy when steering Hitachi India’s infrastructure business as Deputy Managing Director.

Even prior to his appointment at Hitachi India, Mr. Nakakita was already familiar with the India market. As General Manager of the Global Water Business Development Division from 2011 to 2014, he spearheaded the Dahej Desalination Project under the Delhi Mumbai Industrial Corridor concept, which became a symbolic milestone for both the Japan and India governments.

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges with our talented team and proven experience in global markets. The company’s consolidated revenues for fiscal 2013 (ended March 31, 2014) totaled 9,616 billion yen ($93.4 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company's website at http://www.hitachi.com

About Hitachi in India

Hitachi started its business in India in the 1930's. Currently, Hitachi has 31 business bases and over 10,000 employees in India. In addition to being a leader in the air-conditioning systems and construction machinery, the Hitachi Group in India is expanding on its 'Social Innovation Business', such as information & telecommunication systems, power systems, industrial, transportation and urban development systems. Together with further localization, Hitachi aims to contribute to a sustainable society in India as well as the country's economic growth. For more information about the Hitachi Group in India, please visit the website at http://www.hitachi.co.in/.

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