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Nidec founder and chairman Nagamori resigns from board, company says

TOKYO, ‌Dec 19 : Japanese electric motor maker Nidec said founder and ‌chairman Shigenobu ‌Nagamori had resigned from the board as of ‍Friday.

CEO and President Mitsuya Kishida would succeed ​him as ‌chairman of the board, ​Nidec said in ⁠a ‌statement. Nagamori ​would take the title ‍of chairman emeritus.

(Reporting ⁠by Kantaro ​Komiya, Editing ‌by ‍Chang-Ran ​Kim)

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