Aichi gets new president

Aichi Corp is to appoint company-veteran Shunichi Nakazawa as its new representative director and president, effective from 13 June,  when the change is scheduled for approval at the company’s annual shareholders’ meeting.

He replaces Toshiya Yamagishi, the former Toyota Industries executive who has been in charge at Aichi since mid-2019.

Nakazawa is currently a corporate director and managing executive officer at Aichi and has been with the aerial platform manufacturer since 1990.

He has held key management roles including general manager of both the R&D and product development departments.

The change in leadership follows Toyota’s sale of its majority stake in Aichi to Itochu Corp in March this year. Itochu, owner of Multiquip in the US, said it aimed to grow Aichi’s international sales.

Itochu becomes main shareholder of Aichi Hopes to increase export and domestic business