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Panasonic appoints new CEO, Kazuhiro Tsuga to be Board's Chairman

Japan's Panasonic Corp has appointed its head of automotive business Yuki Kusumi as the company's next chief executive officer, replacing Kazuhiro Tsuga, who was the architect of a partnership with Tesla Inc. The 55-year-old will take the reins on April 1, Panasonic said on Friday, after a three-decade career at the company which has seen Kusumi lead the automotive component business and the TV operations, much like his predecessor. Tsuga, 63, will become chairman.

News source ~ BS