Nidec Corp. announced that President and Chief Operating Officer Jun Seki stepped down on 02 September 2022. Vice Chairman Hiroshi Kobe is set to succeed Seki as president.

Seki, 61, resigned after only two and a half years "to take responsibility for the poor performance" of its automotive component business. Seki was viewed as a potential successor to Chairman and CEO Shigenobu Nagamori, 78, who founded the Kyoto-based company. The outgoing president served as vice COO at Nissan Motor Co.

before joining Nidec in January 2020. He replaced Nagamori as president that April. He was appointed CEO in June last year but was demoted to COO less than a year later as Nagamori returned to the position.

Kobe, 73, has been a right-hand man to Nagamori since Nidec's founding, but Nagamori said that Kobe will hold presidency only temporarily due to his old age.