Matsushita Names Two New Leaders
Matsushita Electric Industrial Co., best known by its Panasonic brand, today announced that Yoshihiko "Yoshi" Yamada, most recently director of the company's Systems Business Group and Vice President of Panasonic AVC Networks Company in Osaka, Japan, has been named Chairman and CEO of Matsushita Electric Corp. of America, which is based in Secaucus, N.J.
In this position, Mr. Yamada will oversee Panasonic's consumer, business-to-business and industrial component sales operations as well as its R&D and manufacturing operations in North America. Along with its subsidiaries and affiliates, the company has close to 100 business locations and employs 26,000 people in the U.S., Mexico, Canada and Puerto Rico. Its sales in North America in the last fiscal year topped $8.3 billion.
Building on experience he acquired in supplying Panasonic components to the U.S. computer industry, Mr. Yamada rose to become Director of the company's Personal Computer Division, where he oversaw the introduction of Panasonic's well-regarded ToughBookTM line of ruggedized laptop PCs. Later as head of the Systems Business Group, he revitalized the company's broadcast and professional video equipment production operations.