Full-Time
Global manufacturer of electric motors
No salary listed
St. Charles, IL, USA
In Person
Nidec designs, manufactures, and sells a broad range of electric motors and related components, from small precision motors to large industrial units. Its products include spindle motors for hard disk drives, brushless DC motors, automotive motors (power steering and EV traction motors called E-Axles), as well as motors for home appliances, elevators, ships, robotics, and smart grids. The company differentiates itself by its dominant position in spindle motors and EV/ADAS-related motors, a large global footprint with about 340 group companies in 46 countries, and a diverse, sector-spanning customer base. Its goal is to be a leading global supplier of motors and electronic components by expanding capacity and capabilities through ongoing growth and acquisitions.
Company Size
10,001+
Company Stage
IPO
Headquarters
Kyoto, Japan
Founded
1973
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PTO (Paid time off)
10 Paid Holidays
401(k) and company match
Medical, dental, and vision plans with options
Flexible Spending Account
Nidec, facing accounting misconduct allegations, excludes President Kishida from nomination committee for director candidates to ensure fairness. 2026/3/27 11:00. Motor giant Nidec announced on the 27th that it removed President and CEO Mitsuya Kishida from the nomination committee for selecting director candidates as of the 26th. This appears to be part of measures in response to an accounting misconduct issue. Ahead of the regular shareholders' meeting, the company restructured the nomination committee to consist solely of four outside directors, aiming to ensure fairness and objectivity in candidate nominations. The policy for appointing directors and criteria for appointment/dismissal will also be revised effective April 1, emphasizing high ethical standards, compliance awareness, neutral judgment, along with expertise in corporate management and accounting. An investigation report by a third-party committee on the accounting misconduct, disclosed on the 3rd, highlighted dysfunction within the board of directors. The report pointed out issues such as the prolonged lack of sharing with the board about a project addressing the 'negative legacy' arising from the accounting misconduct. It also noted that concerns about strong performance pressure from headquarters executives as a root cause were not sufficiently communicated to outside directors, making the rebuilding of oversight functions a challenge.
Oasis Management Company has acquired a major stake in Nidec Corporation, becoming one of the largest shareholders in the Japanese electric motor manufacturer currently embroiled in an accounting scandal. The activist investment firm's involvement could signal potential changes in Nidec's governance or operational strategies. Nidec has been under scrutiny following revelations of accounting irregularities, which have impacted its financial standing and caused stock price fluctuations. The company is working to address the issues and restore investor confidence. Oasis's investment comes at a critical juncture as Nidec navigates the scandal's challenges and seeks to stabilise operations. The move may prompt other investors to reassess their positions in the company.
March 11 - Oasis Management takes 6.74% stake in Nidec Corp, regulatory filing shows ...
Nidec announces the Disclosure of the Third-Party Committee's Investigation Report and Our Company's response. KYOTO, Japan-(BUSINESS WIRE)-As announced in our "Notice Regarding Receipt of the Third-Party Committee's Investigation Report" dated February 27, 2026, we received the Third-Party Committee's Investigation Report on February 27, 2026. Today, having completed our review of the necessary partial non-disclosure procedures to protect the trade secrets of Nidec Group and our business partners as well as personal privacy and other confidential information, we hereby disclose the Third-Party Committee's Investigation Report (summary) as attached. In addition, as announced in our "Important Notice Regarding Annual Securities Reports, etc." dated September 26, 2025, and in parallel with the investigation conducted by the Third-Party Committee, we have been conducting investigations involving external experts as part of our internal investigation into trade transaction issues and customs issues relating to NIDEC FIR INTERNATIONAL S.R.L. ("FIR") and other matters. We hereby provide an update on the status of these internal investigations. Based on the findings of the Third-Party Committee's investigation and our internal investigations, the Board of Directors and the Audit and Supervisory Committee, at their respective meetings held today, reported on and approved matters relating to the clarification of managerial responsibility, the future management structure, and the intended establishment of a Responsibility Investigation Committee, as set forth below. The Third-Party Committee's investigation is ongoing, and we will continue to cooperate fully with it. We will promptly disclose the final investigation report from the Third-Party Committee upon receipt. Contacts. Teruaki Urago General Manager Investor Relations +81-75-935-6140 [email protected] More News From Nidec Corporation KYOTO, Japan-( BUSINESS WIRE )-Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the "Company") hereby announces that, at the meeting of the Board of Directors held on March 3, 2026, the Board resolved not to pay a dividend from surplus (year-end dividend) with a record date of March 31, 2026. We sincerely apologize for any inconvenience and concern this may cause to our shareholders, investors and other stakeholders. (1) Details of Dividend Amount Resolved Latest Dividend Forecast (Announced o... KYOTO, Japan-( BUSINESS WIRE )-Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) ("Nidec," the "Company," or "we") today announced the launch of the Culture Transformation Lab (the "Lab"), a new organization dedicated to the Company's fundamental cultural transformation, effective February 01, 2026. 1. Background and Our Vision for Transformation Within the Nidec Corporate Reform Committee, which was established to formulate and execute improvement measures at an early stage to prevent recurrence,... KYOTO, Japan-( BUSINESS WIRE )-Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the "Company") hereby announces that the scheduled disclosure date of the financial results for the third quarter of the fiscal year ending March 31, 2026, will exceed 45 days after the quarter-end, as detailed below. We sincerely apologize for any inconvenience and concern caused to our shareholders, investors, and other stakeholders. 1. Reason for the Delay in the Disclosure of the Financial Results As announced in... Nidec Corporation. TOKYO:6594 Release Versions Teruaki Urago General Manager Investor Relations +81-75-935-6140 [email protected]
Nidec promotes Tim Schamel to president. Nidec, a manufacturer of compressors and electric motors and drives used in numerous industries, has announced the promotion of Tim Schamel to president of Nidec Commercial & Industrial. The company has also named Tim Albers as chief technology officer. The moves come as part of Nidec's organizational strengthening strategy and with the goal of ensuring greater alignment across all areas of Nidec's Appliance, Commercial and Industrial Motors (ACIM) business unit. ACIM is one of Nidec's largest business units in terms of sales, with approximately 18,000 employees and more than 30 manufacturing sites in 25 countries. ACIM offers a product portfolio that includes compressors, condensing units, and motors for home and commercial appliances, as well as motors and electronic drives for commercial, residential, industrial, and utilities applications. Tim Schamel previously served as president of Nidec/U.S. MOTORS. He joined the company in 2016 as vice president and general manager of HVAC/R and Appliance Motors. His long career in the industry includes roles at Parker Sporlan and Emerson. "This appointment marks a key milestone in consolidating our structure and reaffirms our commitment to efficiency, integration, and sustainable operational development," said Katia Drusian, ACIM CEO and president. Tim Albers, as chief technology officer for Nidec Commercial & Industrial, brings a wealth of engineering and industry experience to his new role. He previously served as senior director of product management for 15 years, and prior to that worked for Emerson in marketing and project management.