Nidec CEO Kishida Faces Shareholder Revolt at Annual Meeting as 66-Year-Old Wins Reappointment
Updated
Updated · Bloomberg · Jun 18
Nidec CEO Kishida Faces Shareholder Revolt at Annual Meeting as 66-Year-Old Wins Reappointment
1 articles · Updated · Bloomberg · Jun 18
Summary
Nidec shareholders grilled CEO Mitsuya Kishida at Thursday’s annual meeting, questioning whether the motor maker can survive and whether his turnaround plan is credible.
Kishida, 66, still won approval for reappointment as a director despite the hostile tone from investors.
The backlash followed a turbulent year at Nidec marked by accounting scandals, manufacturing defects and the ouster of its charismatic founder.
The meeting underscored how restoring trust in management has become central to Nidec’s broader effort to stabilize the business.