Panasonic Corporation of North America Announces Management Change at Panasonic Avionics

Deputy CEO Hideo Nakano to succeed Paul Margis as Chief Executive Officer.

Mark Jennings named to new position of Chief Operating Officer.

Seigo Tada named Chief Financial Officer.

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Panasonic Corporation of North America

Feb 02, 2017, 01:30 ET

NEWARK, N.J., Feb. 2, 2017 /PRNewswire/ -- Panasonic Corporation of North America today announced a senior leadership change at Panasonic Avionics Corporation, the world's leading supplier of inflight entertainment and communication systems.

Effective immediately, Hideo Nakano will serve as CEO of Panasonic Avionics, succeeding Paul Margis, who has left the company. Mr. Nakano is an avionics industry veteran and was most recently the Deputy CEO of Panasonic Avionics. His previous experience at Panasonic includes serving as CFO of Panasonic's Automotive & Industrial Systems Company, the largest of Panasonic Corp.'s four internal companies, as well as CFO of Panasonic Corporation of North America.

Panasonic Avionics has also appointed Mark Jennings to serve in the new position of Chief Operating Officer. In this role, Mr. Jennings will be responsible for duties related to operations, engineering, sales and marketing. Mr. Jennings joined Panasonic Avionics in 1998 as Regional Director based in Dubai and most recently served as Vice President of Operations.

Additionally, Seigo Tada has been named Chief Financial Officer of PAC. He succeeds Paul Bottiaux, who has left the company. Mr. Tada will maintain his position as VP of Finance and Controller of Panasonic Corporation of North America. Mr. Tada joined Panasonic in 1985 and has held roles of increasing responsibility within the finance function throughout his time with the company, including ten years in the United States.

About Panasonic Avionics Corporation
Panasonic Avionics Corporation is the world's leading supplier of inflight entertainment and communication systems. The company's best-in-class solutions, supported by professional maintenance services, fully integrate with the cabin enabling its customers to deliver the ultimate travel experiences with a rich variety of entertainment choices, resulting in improved quality communication systems and solutions, reduced time-to-market and lower overall costs.

Established in 1979, Panasonic Avionics Corporation, a U.S. corporation, is a subsidiary of Panasonic Corporation of North America, the principal North American subsidiary of Panasonic Corporation. Headquartered in Lake Forest, California with over 4,554 employees and operations in 80 global locations, it has delivered over 8,000 IFE systems and 1,300 inflight connectivity solutions to the world's leading airlines. For additional information, please visit www.panasonic.aero.

About Panasonic Corporation of North America
Newark, NJ-based Panasonic Corporation of North America is a leading technology partner and integrator to businesses, government agencies and consumers across the region. The company is the principal North American subsidiary of Osaka, Japan-based Panasonic Corporation and the hub of Panasonic's U.S. branding, marketing, sales, service and R&D operations. Panasonic was featured in Fortune Magazine's 2016 ranking of 50 companies that are changing the world and doing well by doing good. Specifically cited were its smart and sustainable technologies, including its contributions to smart cities and the electric vehicle revolution. Learn more about Panasonic at us.panasonic.com/news.

About Panasonic Corporation
Panasonic Corporation is a worldwide leader in the development of diverse electronics technologies and solutions for customers in the consumer electronics, housing, automotive, enterprise solutions and device industries. Since its founding in 1918, the company has expanded globally and now operates 474 subsidiaries and 94 associated companies worldwide, recording consolidated net sales of 7.553 trillion yen for the year ended March 31, 2016. Committed to pursuing new value through innovation across divisional lines, the company uses its technologies to create a better life and a better world for its customers. To learn more about Panasonic: http://www.panasonic.com/global.

SOURCE Panasonic Corporation of North America