Japan's Nidec lines up five execs as chairman contenders


Nidec Corps logo is pictured at an earnings results news conference in Tokyo Japan July 25 2018. REUTERSKim Kyung-Hoon

Nidec Corp's logo is pictured at an earnings results news conference in Tokyo, Japan, July 25, 2018. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) - Japanese electric motor company Nidec Corp on Monday lined up five contenders to eventually take the reins as chairman from the firm's no-nonsense 78-year-old founder, Shigenobu Nagamori.

The move marked the latest chapter in a long-running succession struggle at the firm, in which Nagamori last year made a surprise comeback as chief executive officer (CEO) after initially appointing another executive to the role in 2021.

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