- Hitachi names company veteran Toshiaki Tokunga as CEO of the merged entity
- The combined organization will come into effect in January next year
- Nearly two years ago Hitachi Vantara was formed through a merger of three Hitachi businesses
Japanese conglomerate Hitachi is combining its enterprise technology subsidiary Hitachi Vantara with Hitachi Consulting to double down on its Lumada Internet of Things (IoT) business.
The Tokyo-based company has also named a company veteran as CEO of the merged entity, which will come into effect in January.
Toshiaki Tokunga, chairman of the board of Hitachi Global Digital Holdings, which oversees Hitachi Vantara and Hitachi Consulting, will become CEO and board chairman of the combined organization.
“I’m confident that Hitachi Vantara will deliver even greater value for our customers and partners by reinforcing its digital business and solution delivery capabilities,” Tokunaga, the new Hitachi Vantara’s incoming CEO, said in a statement.
Brian Householder, current CEO of Hitachi Vantara, and Hicham Abdessamad, president and CEO of Hitachi Consulting, will remain at Hitachi with executive leadership roles, but the company didn’t disclose what exactly their new titles will be.
Merger to accelerate global expansion of its Lumada business
With the combination of Hitachi Vantara and Hitachi Consulting, Hitachi said the subsidiary will lead a global expansion of its Lumada business, which consists of the Lumada IoT platform and targeted applications like Lumada Manufacturing Insights. The combination of the two entities will also “increase alignment and unlock the synergies between Hitachi Vantara and its vertical business units.”
Hitachi said Hitachi Vantara will continue to develop and support its other product lines for data infrastructure and governance, among other things, as well as its digital solutions and professional and managed services.
The organizational shakeup, which Hitachi characterized as an “integration,” comes almost exactly two years after Hitachi Vantara was formed through a merger of three Hitachi businesses – Hitachi Data Systems storage and data center infrastructure business, Hitachi Insight Group IoT business and Pentaho big data business.
Hitachi said it will provide additional information about Hitachi Vantara’s new leadership and organizational structure in early 2020.
Source: CRNÂ
