Hitachi says the move will strengthen the management structure for its planned expansion in the global railway systems market. Hitachi Rail currently employs 2500 people and hopes to expand this to 4000 people in the next 2.5 years, while increasing its global turnover from €2bn at present to €3bn "in the next few years."
"Today's announcement is a significant sign of intent by Hitachi to grow its business in the rail market and I am excited by the level of trust placed in me to lead our growing business in this next phase of expansion," Dormer says. "Both Britain and Japan remain important as markets for Hitachi Rail, and with our train factory in the northeast of England now under construction, we will work to realise our export potential from Britain, expanding into Europe and emerging markets."
To support Dormer, Hitachi has appointed Mr Kentaro Masai, who is president and CEO of Hitachi's Rail Systems Company, as global COO, and will be responsible for strengthening ties with the Japanese government and Japanese customers. Mr Shinya Mitsudomi, chief strategic officer (CSO) of the Rail Systems Company, will be appointed global CSO.
"We will vigorously push ahead with global business development in the rail systems business, where growth is expected," Masai says. "We will do so by harnessing Hitachi's advanced rail systems technology, developed mainly in Japan, and by further strengthening coordination with networks formed through our overseas business."