Panasonic Corporation re-iterated its focus on India as a driver for global growth by announcing two strategic management promotions. Daizo Ito, previously President of Panasonic India, has been elevated to the role of Managing Executive Officer, Panasonic Corporation and Chairman of the Panasonic India and Regional Head of ISAMEA region.
Taking the charge from Ito, Manish Sharma, who has been appointed at the position of Executive Officer of Panasonic Corporation and President and CEO of Panasonic India and South Asia, from his most recent role as Managing Director, India. He 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. The elevations, effective immediately, are part of the company’s global organizational shift in preparation for new business initiatives and future growth.
Sharma as the President and CEO of Panasonic India and South Asia, 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.
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, Ito will work with the leaders of each of these markets and plan the strategic growth of Panasonic across the region. Sharma will continue to report to Ito.
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”
Ito joined Panasonic Corporation (then Matsushita Electric Industrial Company) in the year 1977 and has been with the company for the last four 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 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. He is the first Indian and the youngest to be appointed to the post of Executive Officer in the 98 year history of Panasonic Corporation.