Nidec Corporation at its board meeting held on February 4, 2020 approved the appointment of Mr. Jun Seki as a President and Chief Operating Officer who is currently a Special Executive Consultant, Mr. Hiroyuki Yoshimoto as a Representative Director and Executive Vice President who is currently Representative Director, President and Chief Operating Officer Mr. Yoshimoto will assume the post of Executive General Manager of the Company's Appliance, Commercial & Industrial Motor Business Unit on March 1, 2020. Effective date: April 1, 2020 3. Appointment of a new representative director (1) Details Mr. Jun Seki Previous position: President and Chief Operating Officer New position: Representative Director, President and Chief Operating Officer (2) Effective date: June 17, 2020 This personnel change will take effect on June 17, 2020 upon shareholder approval at the Regular General Meeting of Shareholders and a subsequent meeting of the Board of Directors to be held on the same day.
Nidec Corporation specializes in the development, manufacturing and marketing of small precision motors and automotive and appliance components. Net sales break down by family of products as follows:
- appliances, air-conditioning and industrial equipment motors (40.5%);
- small precision motors (21.9%): pin motors for hard drives, fan motors, vibrating motors, brush motors and motor applications, etc. ;
- automotive components (21.3%);
- machines (12.1%): industrial robots, card readers, test systems, presses and power transmission drives, etc. ;
- electronic and optical components (3.9%): switches, trimmer potentiometers, lens units and camera shutters, etc. ;
- other (0.3%).
The net sales are distributed geographically as follows: Japan (17.8%), China (26.7%), the United States (21.6%), Germany (6.1%), Italy (5.5%), Thailand (5.2%) and other (17.1%).
NIDEC CORPORATION 
