Nidec Corp. promoted Hiroyuki Yoshimoto to president and COO.

Yoshimoto, a director and executive vice president, will replace Shigenobu Nagamori as the electrical components company's president. Nagamori will continue as the company's chairman, CEO and a representative director.

Yoshimoto's transition to the role of COO will be effective April 1 while the appointment as Nidec's president will be effective June 20, pending approval by the board and shareholders.