OSAKA -- Masayuki Matsushita, vice chairman of Matsushita Electric Industrial Co., will become a managing director of the Kansai Association of Corporate Executives in May, association officials said.
Matsushita, 55, is the grandson of the founder of the consumer electronics giant, the late Konosuke Matsushita.
One of 350 directors in the association, Matsushita will become one of 16 managing directors on May 10 after being formally endorsed at a general meeting to be held the same day, the officials said Wednesday.
The term for managing director is set for one year and could lead to Matsushita becoming co-chairman. The association's two co-chairmen are selected from among the managing directors.
Matsushita entered Matsushita Electric Industrial in 1968 and became vice president of the company in 1996 after working at a U.S. subsidiary. He has also served as an executive director of the Kansai Economic Federation since May 1997.