Report
Aspex pushed for Kishida to remain Nidec CEO amid accounting crisis
Bloomberg reports that Aspex Management, which says it owns 7% of Nidec, wanted Mitsuya Kishida to stay on as CEO while the electric-motor maker faced an accounting crisis and a potential ¥1 trillion ($6.4 billion) impairment charge.
TLDR
Bloomberg reports that Aspex Management advocated for Mitsuya Kishida to remain Nidec’s CEO to guide the company through an accounting crisis and turmoil involving a potential new ¥1 trillion ($6.4 billion) impairment charge. Aspex says it owns 7% of Nidec.
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