Panasonic Corporation Names Megan Myungwon Lee as Chairwoman and Chief Executive Officer of Panasonic Corporation of North America, Effective October 1, 2021
September 02, 2021 at 09:00 am EDT
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Panasonic has named Megan Myungwon Lee as Chairwoman and Chief Executive Officer of Panasonic Corporation of North America, the principal North American subsidiary of Osaka, Japan-based Panasonic Corporation, effective October 1, 2021. Lee is currently the Chief Human Resources Officer and Vice President of Corporate Planning and Strategic Initiatives at Panasonic Corporation of North America. She succeeds Michael Moskowitz, who is departing Panasonic after more than a decade in top leadership roles with the company. With over thirty years of experience, Lee has served in a variety of senior leadership roles with Panasonic and has been instrumental in spearheading new business initiatives, strategic planning, digitization of human resources management, as well as the company's diversity, equity and inclusion (DEI) strategy both in the US and Japan. Lee is also acting chair of the board of the Panasonic Foundation, dedicated to advancing equity in science, technology, engineering, arts, and mathematics (STEAM) education.
Panasonic Holdings Corporation (formerly Panasonic Corporation) specializes in manufacturing and marketing of consumer electronic equipments. Net sales (including intragroup) break down by family of products as follows:
- domestic equipments, appliances and audiovisual equipment (42.5%): lighting devices, photovoltaic devices, wiring devices, health and care devices, furnishing materials, air conditioning and ventilation equipments, air purifiers, refrigerators, air conditioners, washing machines, dryers, vacuum cleaners, irons, microwaves, fans, cooking appliances, dishwashers, TVs, digital cameras, audio and video equipment, fixed telephones, showcases, etc.;
- electronic and electromechanical components (13.2%): relays, switches, power supply systems, industrial motors and sensors, capacitors, coils, resistors, materials for electronic circuits, semiconductors, LCD panels, etc.;
- automotive multimedia equipment and electronic accessories (12.4%);
- avionics, industrial automation, communication and entertainment systems (10.8%): in-flight entertainment and communication systems, electronic component assembly machines, welding equipment, projectors, professional audio-visual systems, computers, tablets, mobile communication systems and equipment, etc.;
- energy storage systems (8.9%): cylindrical lithium-ion batteries, dry batteries, primary/secondary lithium batteries, nickel-metal hydride batteries, lithium-ion batteries, energy storage modules and systems;
- other (12.2%).
Net sales break down geographically as follows: Japan (43.2%), China (13.4%), Asia (14.7%), Americas (18.7%) and Europe (10%).
Panasonic Corporation Names Megan Myungwon Lee as Chairwoman and Chief Executive Officer of Panasonic Corporation of North America, Effective October 1, 2021