• Kyodo News

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NEC Corp. said Thursday it plans to promote Senior Vice President Nobuhiro Endo to president April 1, replacing Kaoru Yano.

NEC decided to appoint Endo, 56, to rejuvenate its management after the steps taken by the current management team under Yano, 66, to strengthen business operations, such as a planned merger of its money-losing chip maker NEC Electronics Corp. with Renesas Technology Corp. in April.

Yano will become chairman with the right to represent the company.

Endo joined NEC in 1981 after graduating from Tokyo Institute of Technology’s graduate school and has been serving as senior vice president since June.

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