Panasonic begins restructuring as a holding company with Yuki Kusumu as new global CEO

Kusumu will take over from Kazuhiro Tsuga, current CEO of Panasonic, who will continue to be linked to Panasonic as a member of the Board of Directors, Executive Officer and President of the company.

Panasonic has appointed Yuki Kusumu like new CEO global and has announced the appointments and assignment of responsibilities to the Executive Directors as of April 1, 2021, as determined by the Panasonic Board of Directors, held last Friday.

Yuki Kusumi will pick up the baton of Kazuhiro Tsuga, current CEO of Panasonic, who will continue to be linked to Panasonic as a member of the Board of Directors, Executive Officer and President of the company. For his part, Shasaku Nagae, current Director and Chairman of the Board, will be appointed as Special Corporate Advisor of Panasonic.

The new members of the Panasonic Board of Directors have been elected at the same meeting and will assume their duties on June 24, 2021. The changes will be made official at the Ordinary General Meeting of Shareholders, and at the subsequent Board of Directors Meeting to be held on June 24, 2021.

Transition to a holding system

Panasonic accumulates extensive experience in the electronics sector, with a great diversification of activity that includes consumer electronics, automotive or B2B services, among others. Based on Panasonic's medium-term strategy, formulated in May 2019, the company has classified as core growth businesses: Spatial Solutions, Gemba Processes and Industrial Solutions.

The business environment surrounding Panasonic is experiencing increasingly severe changes year after year that have been accentuated with the arrival of COVID-19. Within the framework of these permanent uncertainties, the company has decided to start a transition to a holding system, con el fin de seguir mejorando la gestión de la compañía desde una perspectiva de medio a largo plazo y garantizar el crecimiento.

Con esta transición, Panasonic se dividirá en sociedades operativas donde cada una de ellas ponga en práctica una gestión autónoma basada en una responsabilidad y una autoridad claramente definidas. Como resultado, cada empresa operativa trabajará para mejorar significativamente su competitividad comercial a través de una rápida toma de decisiones en respuesta a los cambios en el entorno externo y desarrollar con flexibilidad sistemas de acuerdo con las características del negocio.

Desde la multinacional aseguran que Panasonic seguirá apoyando el crecimiento empresarial de cada una de sus empresas y definirá las áreas de crecimiento desde la perspectiva de la optimización de la compañía en su conjunto, esforzándose así por aumentar el valor corporativo de la empresa.