January 8, 2014 / 6:31 AM / 4 years ago

Hitachi names new president, Nakanishi to become CEO

TOKYO (Reuters) - Hitachi Ltd said on Wednesday President Hiroaki Nakanishi will become chief executive officer and chairman as of April 1.

Hitachi Ltd. President Hiroaki Nakanishi gestures during a news conference in Tokyo May 16, 2013. REUTERS/Toru Hanai

Senior Vice President Toshiaki Higashihara will replace Nakanishi as president, Hitachi said.

Higashihara will also hold the title of chief operating officer, Hitachi said in a statement. Chairman Takashi Kawamura will step down on March 31.

The three executives will hold a news conference in Tokyo at 5 p.m. (0800 GMT).

Reporting by Maki Shiraki; Writing by Chang-Ran Kim; Editing by Shinichi Saoshiro

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