Seiko Watch Corporation, the parent company of Seiko, Grand Seiko and Credor, has promoted Akio Naito to the role of president as part of a wide-reaching restructuring of the leadership team.
Mr Naito takes over from Shuji Takahashi, who is moving to the role of president of Seiko Holdings Corporation, which oversees businesses specializing in electronic devices, semiconductors, jewelry and optical products along with the watchmaking companies.
Mr Naito is well-known in North America, where he created Grand Seiko Corporation of America.
In his role of deputy chief operating officer, he oversaw international markets outside of Japan for both the Seiko and Grand Seiko businesses.
Shinji Hattori, currently chairman and CEO of Seiko Watch Corporation, will step down from his position as CEO and remain chairman & group CEO, CCO of Seiko Holdings Corporation.
“With his extensive experience in a variety of roles within our organization, I am certain Mr Naito is the right person to lead SWC in this new era that is now dawning,” says Mr Hattori. “He and his team will make our companies, and our Seiko and Grand Seiko brands, stronger than ever in the years to come.”