Panasonic Corporation announced two strategic management promotions..Daizo Ito, previously President, Panasonic India, has been elevated to the role of Managing Executive Officer, Panasonic Corporation and Chairman of the
Panasonic India & Regional Head of ISAMEA region.
Taking the charge from Daizo Ito, Manish
Sharma, who has been appointed at the position of Executive Officer of
Panasonic Corporation and President & CEO of Panasonic India &
South Asia, from his most recent role as Managing Director, India. The
elevations, effective immediately, are part of the company’s global
organizational shift in preparation for new business initiatives and
future growth.
Commenting on the new appointments,
Kazuhiro Tsuga, President, Panasonic Corporation, said “India is at the
heart of the Pansaonic global growth strategy and both Ito and Sharma
have been pivotal in driving growth for Panasonic India. I am confident
they will continue to propel our business forward. I would like to
congratulate them both on their new roles and wish them continued
success”.
Daizo Ito has played a key role in
establishing the Panasonic brand in the Indian market, and in elevating
India as a key strategic market for Panasonic globally. As the Regional
Head of ISAMEA region Daizo Ito will work with the leaders of each of
these markets and plan the strategic growth of Panasonic across the
region. Manish Sharma will continue to report to Daizo Ito.
Ito joined Panasonic Corporation (then
Matsushita Electric Industrial Company) in the year 1977 and has been
with the company for the last 4 decades. Led by his philosophy to drive
the company’s growth by Indians and for Indians the company has achieved
several milestones in its journey in India.
Sharma is the first Indian and the
youngest ever to become an executive officer of the corporation and this
re-affirms the focus on India as a growth hub for the corporation. As
the President& CEO of Panasonic India & South Asia, he will
preside over operations of Panasonic in India including group and sister
companies and the group support operations.
The group companies include Panasonic
Appliances, Panasonic AVC India, Panasonic Energy India, Panasonic
Carbon India, Anchor Electricals, Firepro Systems Pvt. Ltd. He will be
responsible for driving profitable growth along with strategy planning
and sustainable business development across businesses.
Sharma, joined Panasonic in 2008 and has
been instrumental in spearheading the growth and transformation of
Panasonic India from a consumer-electronics company to a technology
solutions company. In his previous roles, he led a multi-channel
branding; sales and marketing strategy to create a stronger consumer
connect and drive increased market share and credibility. He is also
credited with transforming Panasonic’s smartphone business in India.
