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New Panasonic chief vows to chase profits – Retail in Asia

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New Panasonic chief vows to chase profits

Kazuhiro Tsuga, the newly appointed president of Panasonic Corp., said on Wednesday that the electronics giant will pursue growth on multiple business fronts in a rational way to survive harsh global competition.

The day after Panasonic announced that the 55-year-old will replace current President Fumio Otsubo, 66, Tsuga told a news conference in Tokyo: "We need to focus on how we can realise growth and profitability in all domains.

Tsuga said the company’s goal has been to take revolutionary steps in fields related to the environment business.