Panasonic Names First Female Board Member as Executives Trimmed
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Panasonic Corp. named the first female board member in its 95-year history while trimming the executive ranks as the electronics company tries to lower costs and speed up decision-making after a record annual loss.
Japan’s No. 2 TV maker is adding Hiroko Ota, a former Economic and Fiscal Policy minister now teaching at Tokyo’s National Graduate Institute for Policy Studies, to its board, the Osaka-based company said in a statement today. The number of executive officers will drop to 21 from 30, partly because some are retiring without being replaced, according to the statement.