Alistair Dormer to be Global CEO
The headquarters of Hitachi Rail Global is moving from Japan to London, and head of Hitachi Rail Europe, Alistair Dormer, will be made Global CEO of the company from 1 April. He will also become a Corporate Officer of the parent company Hitachi Ltd.
Hitachi Rail says it expects to grow from a business employing 2,500 people today to 4,000 people in the next two and a half years. Its global turnover is 2 billion euros (£1.67bn) today and it says the aim is to grow to 3bn euros (£2.5bn) in the next few years.
Alistair Dormer, Global CEO, Hitachi Rail, said: ‘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. Both the UK and Japan remain important as markets for Hitachi Rail, and with our train factory in the North East of England now under construction, we will work to realise our export potential from the UK, expanding into Europe and emergent markets.’
The post of Global Chief Executive Officer has been created to strengthen the management structure for global business expansion in the rail systems business, said Hitachi. It will assign a Global Chief Operating Officer (COO), Global Chief Strategy Officer (CSO) and other executives under the Global CEO ‘to oversee and vigorously develop and advance global strategies for the rail systems business as it aims to drive further business expansion.’
Kentaro Masai will be appointed President & CEO of Hitachi’s Rail Systems Company as of 1 April, serving as the Global COO with responsibility for strengthening ties with the Japanese government and Japanese customers. Shinya Mitsudomi, CSO of the Rail Systems Company, will be appointed as the Global CSO.