Shigenobu Nagamori, a work-obsessed Japanese billionaire who jokes that he plans to stay to 120, had already sidelined three successors when he wooed Jun Seki to affix his $37 billion firm.
It was November 2019. Nagamori, then 75, invited the youthful man to dinner at Ryokuyouso, an unique conventional kaiseki restaurant that he owns in Kyoto. There, he made his supply: Seki would be a part of Nidec and turn into chief working officer of the world’s largest producer of electrical motors. He would construct up its enterprise supplying motors for electrical automobiles, and if that went effectively, the CEO function could be his.
The timing was no coincidence. A month earlier than, Seki had misplaced out on the highest job at Nissan. The manager, who was 58 on the time, thought the chance to run one in every of Japan’s iconic corporations was too good to move up.
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