Taiwan's Foxconn has hired former Nissan and Nidec executive Jun Seki as its chief strategy officer for electric vehicles, adding a high-profile auto executive to bolster its industry ambitions.
Seki, once seen as a contender for the top job at Nissan, later went to motor maker Nidec, holding the role of CEO before having to resign to take responsibility for a deterioration in the company's earnings.
Seki had been recruited to Nidec from Nissan by Nidec's founder, Shigenobu Nagamori, in 2020 to help Nidec become a major player in components for next-generation vehicles.
Seki became CEO in June 2021 but was demoted less than a year later with Nagamori expressing dissatisfaction with the company's performance and stock price. Nidec said he would resign in September last year.
Seki spent three decades at Nissan, including a stint heading its China business. He was widely seen as a contender for CEO, but was passed over for the current chief, Makoto Uchida.
Seki left Nissan for Nidec not long after being charged with leading the automaker's turnaround plan.