Taiwan’s Foxconn said on Monday it had hired former Nissan Motor Co and Nidec Corp executive Jun Seki as its chief strategy officer for electric vehicles, adding a high-profile auto executive to bolster its industry ambitions.
Seki, once seen as a contender for the top job at Nissan, later went to motor maker Nidec, holding the role of chief executive before having to resign to take responsibility for a deterioration in the company’s earnings.
Seki had been recruited to Nidec from Nissan by Nidec’s hard-driving founder Shigenobu Nagamori in 2020 to help Nidec become a major player in components for next-generation automobiles.
Seki became CEO in June 2021 but was demoted less that a year later with Nagamori expressing dissatisfaction with the company’s performance and stock price. Nidec said he would resign in Septemeber last year.
Seki spent three decades at Nissan, including a stint heading its China business. He was widely seen as a contender for chief executive, but was passed over for the current chief, Makoto Uchida.
He left Nissan for Nidec not long after being charged with leading the automaker’s turnaround plan.
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The segment, which accounts for less than 1% of the broader passenger vehicle market in the country, ended last year with sales of an estimated 37,000-38,000 units. The best year for the segment was in 2018 when sales touched 40,863 units.