Kunio Nakamura, former president of Matsushita Electric Industrial Co., Ltd., now Panasonic Holdings, and vice chairman of Keidanren, died of pneumonia on the 28th.

he was 83 years old.

Born in Shiga Prefecture, Mr. Nakamura joined Matsushita Electric Industrial in 1962 after graduating from Osaka University.

After taking office as president, due to the collapse of the IT bubble, the final deficit of over 400 billion yen was posted in fiscal 2001.

Mr. Nakamura advocated "destruction and creation", established by founder Konosuke Matsushita, abolished the division system by product that had continued for many years, and implemented early retirement of about 13,000 people. made a V-shaped recovery.

In 2007, he assumed the position of vice chairman of Keidanren (Japan Business Federation) and worked to develop Japan-China relations. We also put effort into policy proposals such as protection.

Mr. Nakamura died of pneumonia at a hospital in Moriguchi, Osaka on the 28th.

he was 83 years old.

His funeral was held mainly by his close relatives, so the company will hold a "farewell party" at a later date.