Panasonic CEO Joseph M. Taylor Receives Cary Edwards Leadership Award from New Jersey Future

NEWARK, N.J., June 8, 2012 /PRNewswire/ -- Panasonic Corporation of North America Chairman and CEO Joseph M. Taylor received the 2012 Cary Edwards Leadership Award from New Jersey Future last night at its 11th annual Smart Growth Awards ceremony. The award was given in recognition of Mr. Taylor's role in Panasonic's plans to move its North American headquarters to a new site in Newark, New Jersey in the summer of 2013 as part of its commitment to serving as a worldwide green business technology leader.

"Joe Taylor has exhibited exceptional leadership and vision in choosing to relocate his company's headquarters to downtown Newark, where infrastructure already exists and employees will have easy access to a major regional transit hub," said New Jersey Future Executive Director Peter Kasabach. "Mr. Taylor's decision now to invest in Newark's ongoing revitalization will provide lasting benefits to Panasonic, to its employees and to the city itself, and we are proud to recognize his vision with this award."          

"I am very honored that Panasonic's decision to relocate its headquarters to Newark has earned us New Jersey Future's Cary Edwards Leadership Award this year," Mr. Taylor said. "Panasonic is transforming itself to become the leader in green electronics innovation, and the move to Newark is a key strategic step for us. It will allow us to retain over 1,000 jobs in this state, create a model environmental workplace in the city and enable our employees to use the Newark Penn Station transit hub, which is only one block away from where they will be working. Most importantly, it is my hope that Panasonic's relocation will encourage other companies looking for public transportation-friendly options to consider relocating to Newark, which I consider to be a city that is on the tipping point of a transition to a bright new stage in its history as a commercial center."

About New Jersey Future

New Jersey Future is a nonprofit, nonpartisan organization that brings together concerned citizens and leaders to promote responsible land-use policies. The organization employs original research, analysis and advocacy to build coalitions and drive land-use policies that help revitalize cities and towns, protect natural lands and farms, provide more transportation choices beyond cars, expand access to safe and affordable neighborhoods and fuel a prosperous economy. For more information on New Jersey Future, please visit http://njfuture.org/.

About Panasonic Corporation of North America

Based in Secaucus, NJ, Panasonic Corporation of North America provides a broad line of digital and other electronics products for consumer, business and industrial use. The company is the principal North American subsidiary of Osaka, Japan-based Panasonic Corporation (NYSE: PC), and the hub of Panasonic's U.S. branding, marketing, sales, service and R&D operations. Panasonic is pledged to practice prudent, sustainable use of the earth's natural resources and protect our environment through the company's Eco Ideas programs. For more information about Panasonic, please visit http://panasonic.com/. 

Information about Panasonic Eco Ideas initiatives is available at http://panasonic.net/eco/ecoideas/ . Information about Panasonic and its products is available at www.panasonic.com and its Full HD 3D site at www.panasonic.com/3D. Additional company information for journalists including this press release and a rendering of the new building is also available at www.panasonic.com/pressroom.

SOURCE Panasonic