Japan’s Hitachi has announced a restructuring of its high-tech units as Japanese media reported on Wednesday that the company’s president, Keiji Kojima, would be named chief executive.
Kojima, who became president in June 2021, would succeed CEO Toshiaki Higashihara, who would be appointed chairman, Nikkei Asia reported.
A Hitachi veteran of 40 years, Kojima was instrumental in the restructuring of Hitachi High-Tech, which was converted into a wholly owned subsidiary.
On Tuesday, Hitachi High-Tech Corporation announced the absorption of its Hitachi High-Tech Fine Systems Corporation (HFS).
HFS will transfer its railway inspection and laboratory businesses to Hitachi High-Tech Solutions Corporation and its manufacturing functions to Hitachi High-Tech Manufacturing & Service Co.
Prototyping, development, and other functions would be passed directly to Hitachi High-Tech.
“Hitachi High-Tech aims to create new businesses that will be a key part of our future, in tandem with the plans to further expand the growth and profitability of our existing businesses,” the company said.
Kojima was also involved in the launch of Lumada, Hitachi’s Internet of Things platform in 2016. He became chief technology officer in 2014.
- George Russell