Bill Krueger, currently Senior Vice President in charge of manufacturing, purchasing, production engineering and supply chain management at Nissan Americas, Inc. is to be appointed as Executive Vice President of JATCO Ltd effective January 1, 2014. The appointment is scheduled to be formally decided at a JATCO board of directors meeting that will take on November 27, 2013.
In his new position, Krueger will be responsible for JATCO’s operations in the Americas as chairman of JATCO USA, Inc. and JATCO Mexico, S.A. de C.V. He will be based in Franklin, Tennessee.
Tomoyoshi Sato, JATCO’s Corporate Vice President who currently holds these positions, will return to Japan for a new assignment.
Regarding this appointment, Takashi Hata, president and CEO of JATCO said, “Mr. Krueger’s wealth of experience at Nissan and his strong leadership should contribute to JATCO’s growth in the Americas, where we are expanding manufacturing capacity of our plant in Mexico. I am counting on his contributions for us to achieve our mid-term objective of \1 trillion revenue by fiscal year 2018.”
JATCO Ltd (President & CEO Takashi Hata; headquarters in Fuji City, Shizuoka, Japan; capital: \29.94 billion) is one of the world’ s leading manufacturers of AT (automatic transmission), and the No. 1 CVT (continuously variable transmission) manufacturer in the world with nearly half of the global market share. Comprising approximately 12,000 employees worldwide and with manufacturing plants in Japan, Mexico, China and Thailand, the company provides innovative products to markets around the world. Consolidated sales in 2012 were nearly \600 billion (approximately $6 billion) and the company has set a sales target of \1 trillion (approximately $10 billion) to be achieved by fiscal 2018. JATCO is 75 percent owned by Nissan Motor Co., Ltd., 15 percent by Mitsubishi Motors and 10 percent by Suzuki Motor Corporation. The company supplies step AT and CVT to its shareholders and other car companies globally.