Hitachi Rail Global appoints new CEO
Hitachi announced yesterday that the headquarters of Hitachi Rail Global would move from Japan to London 'to further accelerate the globalisation of the rail systems business'.
The head of Hitachi Rail Europe Alistair Dormer will be appointed to the new post of Global CEO, Hitachi Rail, from April 1.
Kentaro Masai has been named as Global Chief Operating Officer and Shinya Mitsudomi as Global Chief Strategy Officer.
Hitachi's rail business is expected to grow from 2 500 people today to 4 000 in the next 2½ years, and the company aims to grow rail turnover from €2 billion to €3 billion in the next few years.
Alistair Dormer said:
'Today's announcement is a significant sign of intent by Hitachi to grow its business in the rail market and I am excited by the level of trust placed in me to lead our growing business in this next phase of expansion. Both the UK and Japan remain important as markets for Hitachi Rail, and with our train factory in the northeast of England now under construction, we will work to realise our export potential from the UK, expanding into Europe and emergent markets.'
He said:
'Both the UK and Japan remain important as markets for Hitachi Rail, and with our train factory in the North East of England now under construction, we will work to realise our export potential from the UK, expanding into Europe and emergent markets.'
The move is seen by many as a pre-emptive bid to build the 180mph trains for the UK Government's controversial £50 billion HS2 line.
Country news
-
-
June 10, 2014
Westbourne launches debt infrastructure fund for Japan LPs
Melbourne-based fund manager Westbourne Capital has signed an agreement with Japan's Mitsui & Co to establish a US$300 million infrastructure debt fund exclusively for Japanese institutional investors. Read more -
July 08, 2014
Japan launches tender for Sendai airport concession
Foreign and domestic bidders are both eligible to participate in the tender process for the operation of the airport's runways and hangar facilities for up to 65 years. The initial duration will be 30 years and there will be an Option Extension due to force majeure. Read more -
September 02, 2014
Mitsui & Co and Tokio Marine raise third solar investment fund
Mitsui & Co. Plant Systems, Ltd. has reached understanding with Tokio Marine Asset Management Co., Ltd. (TMA) concerning the joint planning of a third investment fund to undertake wide-ranging diversified investment in mega-solar projects in Japan, the total generating capacity is 25MW, and total fund amount is Yen 7.7 billion (US$74 million). Read more -
October 15, 2014
Hogan Lovells hires energy & infrastructure partner in Japan
Hogan Lovells has recruited partner Joseph Kim to join its Tokyo finance practice. Joe joins the firm today, 16 September, as a partner in the Infrastructure, Energy, Resources and Projects (IERP) team. Read more -
December 01, 2014
Mizuho Bank establishes Asia Infrastructure Fund
Mizuho Bank, Ltd. (MHBK) has decided to establish an infrastructure fund focusing on infrastructure projects in emerging Asian countries. Read more
