The 55-year-old will take the reins on April 1, Panasonic said on Friday, after a three-decade career at the company which has seen Kusumi lead the automotive component business and the TV operations, much like his predecessor. Tsuga, 63, will become chairman.
Panasonic appoints company veteran Kusumi as CEO, replacing Tsuga
The change comes as Panasonic has begun to benefit from a partnership with Tesla, which was central to the incumbent chief's strategy.
 "Panasonic appoints company veteran Kusumi as CEO, replacing Tsuga")
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The company focus on business customers, however, has yet to generate stable profits, and the new chief is likely to be tasked with further overhauling a sprawling business portfolio
The 55-year-old will take the reins on April 1, Panasonic said on Friday, after a three-decade career at the company which has seen Kusumi lead the automotive component business and the TV operations, much like his predecessor. Tsuga, 63, will become chairman.
First Published: Nov 14 2020 | 02:00 AM IST
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