Panasonic on Tuesday elevated its Managing Director for India operations, Manish Sharma to the position of executive officer of Panasonic Corporation and president and CEO of Panasonic India and South Asia. He is now the first Indian and the youngest ever to become an executive officer of the corporation.
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 & Regional Head of ISAMEA region.
“The elevations, effective immediately, are part of the company’s global organisational shift in preparation for new business initiatives and future growth,” the company said in a statement to the media.
Manish Sharma will preside over operations of Panasonic in India including group and sister companies and the group support operations as president & CEO of Panasonic India & South Asia. He will be responsible for driving profitable growth along with strategy planning and sustainable business development across businesses.
“India is at the heart of the Panasonic 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,” Kazuhiro Tsuga, president, Panasonic Corporation said.
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.