With the Indian market growing the fastest for Panasonic Corporation, the leading electronics company announced recent appointments and changes in its senior management team, including two strategic management promotions from India. Daizo Ito, who is currently the Chairman, Panasonic India, and Regional Head for India, South Asia, Middle East, and Africa (ISAMEA) for Panasonic Corporation, has been appointed as the Senior Vice President, Eco Solutions Company In Charge of Global Marketing. Manish Sharma, President and CEO, Panasonic India and South Asia, and Executive Officer, Panasonic Corporation, has been entrusted with the role of Vice President, Appliances Company of Panasonic Corporation. With this additional responsibility, he has become the only Indian to be a part of the company’s global team. The elevations, effective immediately, are part of the company’s global organizational shift in preparation for new business initiatives and future growth.
With the new key position in the global appliances business, Sharma will take charge of shaping global business plans and driving profitable growth along with sustainable business development for the appliances division.
Ito has been working with the leaders of each market to drive the strategic growth of Panasonic across the ISAMEA region. The new appointments recognize the strong performance of Ito and Sharma, who have both played pivotal roles in shaping Panasonic’s growth trajectory.
Speaking of his new role, Ito said, “India has been playing a vital role in Panasonic's development globally over the past few years and is rapidly emerging as one of the strongest markets. We aim to make India a focal point of Panasonic’s expansion plans and make it a manufacturing hub. With investments in products, talent, marketing, and manufacturing, we aim to strategically leverage our expertise and resources in India for the benefit of other emerging markets. I thank the Board for giving me this opportunity and reposing faith in me. I look forward to continue working closely with all colleagues and steer the organization through its next phase of evolution.”
Commenting on his elevation, Sharma stated, “I am honored to be a part of the global management team and work with the pioneers in the industry. It is a big opportunity for me to play a significant role in Panasonic’s business strategies and align the global strategies with Indian operations. This re-affirms the focus on India as a growth hub for the corporation. I am looking forward to working closely with the global team to deliver on our strategy for the medium and long term growth of the company.”
Central to these management transitions is Panasonic’s strategy of blending its deep-rooted Japanese expertise with the localization of products and technologies to match domestic requirements through a global alignment of top level executive evaluation system, effective April 1, 2017. Panasonic is focused on expanding business and promoting organic, geographically diverse growth in the ISAMEA region.
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 current role as the president, he leads Panasonic in India, including group and sister companies and the group support operations, to drive profitable growth along with strategy planning and sustainable business development across businesses. He is also credited with transforming Panasonic’s smartphone business in India. Sharma is the first Indian, and the youngest, to be appointed to the post of Executive Officer in the 98-year history of Panasonic Corporation.