New Global Role to Cultivate Opportunities, Synergies and Alignment between Hitachi Data Systems and Hitachi, Ltd
SANTA CLARA, Calif. — March 21, 2011 — Hitachi Data Systems Corporation, a wholly owned subsidiary of Hitachi, Ltd. (NYSE: HIT), today announced that it has named Michael Väth as senior vice president, Global Business Innovation, effective April 1, 2011. He will be succeeded as senior vice president and general manager, EMEA by Niels Svenningsen, whose new appointment is also announced today.
As a member of the global executive team, Väth’s new role follows six very successful years as senior vice president and general manager, EMEA. He will be a key interface with Hitachi, Ltd., increasing the amount of face-to-face collaboration between the organizations’ executive functions. His primary objectives upon starting the new role will focus on aligning the companies’ visions and strategies, while cultivating new solutions in the context of Hitachi globalization efforts.
In addition to his new role, Väth will stay a member of the Hitachi European Strategy Board responsible for fostering collaboration between Hitachi business groups. He is based in Frankfurt, Germany and will report into Hitachi Data Systems CEO Jack Domme.
“I congratulate Michael and look forward to leveraging his proven track record of generating revenue, market share and new market expansion for Hitachi Data Systems at a global level,” said Domme. “His appointment illustrates the growing synergies between Hitachi, Ltd., and Hitachi Data Systems. It will enable us to continue to bring the power of Hitachi’s diversified portfolio of businesses, including information technology, healthcare, multi-media, manufacturing and services, to our global customers.”
Väth added: “I am very excited about this new global opportunity reporting to Jack. I am convinced that our great strategy at Hitachi Data Systems in combination with the vast set of Hitachi solutions will allow us to grow our global market presence significantly in the future. As technologies and solutions continue to evolve in line with the growth of the Cloud, this is an inspiring time to be taking on responsibility for innovation across the global business.”
About Hitachi Data Systems
Hitachi Data Systems provides best-in-class information technologies, services and solutions that deliver compelling customer ROI, unmatched return on assets (ROA) and demonstrable business impact. With a vision that IT must be virtualized, automated, cloud-ready and sustainable, Hitachi Data Systems offers solutions that improve IT costs and agility. With more than 4,500 employees worldwide, Hitachi Data Systems does business in more than 100 countries and regions. Hitachi Data Systems products, services and solutions are trusted by the world’s leading enterprises, including more than 70 percent of the Fortune 100 and more than 80 percent of the Fortune Global 100. Hitachi Data Systems believes that data drives our world – and information is the new currency. To learn more, visit: http://www.hds.com.
About Hitachi, Ltd.
Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2009 (ended March 31, 2010) consolidated revenues totaled 8,968 billion yen ($96.4 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
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