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Oct. 18 | Tsubaki Nakashima Rejigs Management Team | MT |
Oct. 17 | Tsubaki Nakashima Co., Ltd. Announces Executive Changes | CI |
October 16, 2024 at 08:07 pm EDT
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October 17, 2024
Tsubaki Nakashima Co., Ltd.
Itaru Matsuyama
Representative Executive Officer CEO
(Code:6464, Prime, Tokyo Stock Exchange)
Contact for inquiries: Ikunori Morita
Phone: +81 (0)6-6224-0193
Announcement of Changes of Executive Officer, etc.
Under the new leadership of Itaru Matsuyama, who was appointed Representative Executive Officer CEO in July 2024, the Company is building a new management organization to strengthen the future revenue base while implementing and accelerating measures to enter a new growth trajectory.
With these goals in mind, at the Board of Directors meeting held on October 16, 2024, the Company decided to change executive officers, etc. as given below.
As released in the "Announcement of Organizational Reforms, and Appointments and Changes of Executive Officers, etc." dated August 21, 2024, Cosimo Colasanti has been appointed Chief Manufacturing Officer effective October 1, 2024. He will direct the Company's manufacturing transformation project to establish a global manufacturing organization, whose goals include driving innovations in production technologies, improving productivity, and strengthening cost competitiveness. In addition, as released in the "Announcement of Appointments and Changes of Executive Officers, Organizational Reforms" dated September 19, 2024, Inventory & SIOP was moved to the Manufacturing Function, which is led by Cosimo Colasanti. With this move, we intend to integrate Inventory & SIOP with productivity improvements and to achieve comprehensive inventory management at the plant level.
Under this organizational structure, the Company welcomes Gaurav Bansal as Senior Director of Global Inventory Management & SIOP. He will manage and oversee Inventory & SIOP as part of the Manufacturing Function. Our goal is to optimize inventory volumes at the plant level and to integrate sales planning, production planning, inventory management, and financial forecasting. Bansal brings to his post extensive experience and a proven track record in that field.
Additionally, the Company welcomes Waseem Arafat as Senior Director of Advanced Manufacturing Engineering. He will oversee and manage Manufacturing Engineering as part of the Manufacturing Function. Arafat brings to his post extensive experience and a track record in manufacturing engineering and leadership. He will lead the Company initiative to restructure and streamline its manufacturing processes, making full use of various innovative technologies and approaches. As Director of Manufacturing Engineering, Kazuaki Kayahara will continue, under Waseem Arafat, to direct the Company's global manufacturing transformation project.
The Company also welcomes Tarak Dandu, who brings to his post extensive experience and knowledge in global finance and transformation projects, as Regional Controller of the Americas Business Unit. With Tarak Dandu joining our Group, we will aim for ongoing growth and success in our Americas business.
The Company believes these changes will lead to sustainable and profitable growth and create greater value for all stakeholders, including our shareholders, customers, business partners, and employees.
1
Disclaimer: This English translation is provided solely for reference purposes. In the event of any discrepancies between the original Japanese version and the English translation, the Japanese version shall prevail.
Changes of Executive Officer, etc.
Name | New title | Current title | |
KAYAHARA, Kazuaki | Director | Executive Officer | |
Manufacturing Engineering | Engineering, R&D, Intellectual | ||
Dated November 1, 2024 | Properties, CAPEX | ||
GAURAV Bansal | Senior Director | Joined on October 7, 2024 | |
Global Inventory Management & SIOP | |||
Dated October 7, 2024. | |||
WASEEM Arafat | Senior Director | Joined on October 14, 2024 | |
Advanced Manufacturing Engineering | |||
Dated October 14, 2024. | |||
TARAK Dandu | Regional Controller | Joined on October 21, 2024 | |
Americas BU | |||
Dated October 21, 2024 | |||
Names and CVs of Newly Appointed staffs | |||
Name | Brief personal history | ||
GAURAV Bansal | 2005 | Cummins Incorporated | |
date of birth | Supply Chain Director, Cummins Middle East | ||
1977/3/12 | Director, Global Purchasing & Cost Management, Distribution Unit | ||
Director, Supply Chain, Asia pacific | |||
Managing Director, North East and South East Asia | |||
Director, Functional Excellence Global Supply Chain | |||
WASEEM Arafat | 2005 UPB Group | ||
date of birth | 2007 | NESTLE' Waters | |
1982/7/8 | 2008 | K.G.Tech | |
2013 | Ino-Tek | ||
2013 FAURECIA | |||
Manager of Manufacturing Engineering | |||
2018 ContiTech Automotive / COOPER STANDARD | |||
Senior Manager of Digital Manufacturing & llot | |||
2019 FAURECIA | |||
Senior Manager of Manufacturing Engineering & llot | |||
2021 WEBASTO | |||
Director of Advanced Manufacturing Engineering | |||
TARAK Dandu | 2000 | Kwality Threads Pvt Ltd, India | |
date of birth | 2002 | Coca Cola, India | |
1979/3/18 | 2004 | Timex Group | |
Director, FP&A | |||
2019 | Techtronic Industries | ||
Director of Finance | |||
Senior Director of Finance | |||
VP of Finance | |||
2024 | Swisher | ||
Finance Transformation, Consulting VP | |||
2
Disclaimer: This English translation is provided solely for reference purposes. In the event of any discrepancies between the original Japanese version and the English translation, the Japanese version shall prevail.
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Tsubaki Nakashima Co. Ltd. published this content on October 17, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on October 17, 2024 at 00:06:07.363.
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Company Profile
TSUBAKI NAKASHIMA CO., LTD. is a Japan-based company principally engaged in the manufacture and sale of precision balls, ball screws and air blowers. The Company operates through three segments. The Precision Component segment is engaged in the manufacture and sale of ball bearings, ceramic balls, cemented carbide balls, glass balls, plastic balls, carbon steel balls and other precision ball products, as well as rollers, retainers and sheet metal parts. The Linear segment is engaged in the manufacture and sale of precision ball screws, ball screws for high-load, precision miniature ball screws, caged precision ball screws, hollow shaft ball screws, precision rolled ball screws, general industrial ball screws and other ball screw products, as well as air blowers. The Others segment is engaged in the real estate leasing business.
Employees
3,066
Sector
Calendar
2024-11-10 - Q3 2024 Earnings Release
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ESG Refinitiv
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Sell
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Mean consensus
UNDERPERFORM
Number of Analysts
2
Last Close Price
682.00JPY
Average target price
835.00JPY
Spread / Average Target
+22.43%
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