Tamotsu Nomaguchi
Profile
Performance in office
Tenure
Tenure
Background
He joined the company in 1965 and served as head of the Advanced Technology R&D Center for materials and devices and of the Central Research Laboratory. Having come up through research, he advanced to Senior Managing Director and in April 2002 succeeded Ichiro Taniguchi as president. His predecessor Taniguchi had championed selection and concentration of businesses, arguing that management resources had become scattered compared with specialist companies.
Selection
In the fiscal year ended March 2001, two years before he took office, consolidated net sales were ¥4,129.5 billion, ordinary income ¥210.4 billion and net income ¥124.8 billion, a recovery from FY ended March 1998, when the company had an ordinary loss of ¥52.5 billion and a net loss of ¥105.9 billion. The semiconductor restructuring, however, was not finished, and in FY ended March 2002, just before he took office, consolidated net sales fell to ¥3,648.9 billion. Appointing Tamotsu Nomaguchi, who had led research, appears to have been meant to let the technical side decide how far to withdraw from semiconductors.
Initiatives
In April 2003 the company integrated its system LSI business with Hitachi's to establish Renesas Technology, with capital of ¥50.0 billion owned 55% by Hitachi and 45% by Mitsubishi Electric; DRAM was excluded from the integration. In 2003 it also renamed its Semiconductor Group the Semiconductor and Device Group, shifting its focus from commodity memory to power semiconductors and high-frequency and optical devices. It moved DRAM to Elpida Memory, and in June 2003 adopted the committee-based governance structure, setting up nominating, audit and compensation committees.
Career
Career
Mitsubishi Electric
| Date | Position |
|---|---|
| Apr 2002 | President |
| 2003 | Corporate Executive Officer, President |
| Apr 2006 | Stepped down as President |