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Mitsubishi Electric Names Sakuyama President & CEO, Yamanishi Becomes Chairman
Feb 27, 2014
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Mitsubishi Electric Corp. appointed Masaki Sakuyama the company’s new president and CEO, effective April 1, 2014. The company has a significant Home Appliances business with strong markets in Asia and worldwide.

Sakuyama will replace Kenichiro Yamanishi, who will assume the position of chairman.

Sakuyama joined Mitsubishi Electric Corp. in 1977, initially serving as an engineer in the company’s Kobe Works. He became Mitsubishi Electric’s Executive Officer and Group President of Energy & Industrial Systems Group in 2008 and Senior Vice President and General Manager of Corporate Strategic Planning Division in 2010. In 2012, Sakuyama was promoted to Executive Vice President and Group President of Semiconductor & Device Group.

Yamanishi joined Mitsubishi Electric Corp. in 1975 and
was named Executive Officer and Vice President of Corporate Total Productivity Management and Environmental Programs in 2006. In 2008, he became Senior Executive Officer and Group President of
Semiconductor & Device Group. He was appointed president and CEO in 2010

Mitsubishi recently reported that its Home Appliances business segment had total sales of 667.0 billion yen (approx. USD $6.5 billion) in the first nine months of its 2014 fiscal year, an 8% increase from the same period in the previous year.

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