Electronic components giant Nidek's Vice President Mitsuya Kishida becomes president and CEO. Shigenobu Nagamori, the founder and current chairman and CEO, will work on corporate acquisitions as the representative of the global group.

Hiroshi Kobe, currently president and COO, will become chairman. Mr. Kishida: ``I want to return to my roots and accomplish my second founding'' Mr. Kishidas: ''Now that the world of manufacturing itself is changing, I want to further strengthen what we have"