Aspex urged Nidec to keep CEO before shock resignation
Hedge fund Aspex Management had urged Nidec to retain chief executive Mitsuya Kishida to help steer the Japanese electric-motor maker through an accounting crisis and potential restructuring, shortly before his unexpected resignation was announced, according to a report by Bloomberg. Aspex, which says it holds about 7% of Nidec, sent a letter to the company's board on 28 September calling for…
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