Toshiba Names Ali Azad President & CEO of Toshiba America Energy Systems Corporation

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Tuesday, January 20, 2015 9:30 am EST

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NEW YORK
"We anticipate his excellent leadership will ensure a strong start and accelerated growth for TAES. Toshiba is extremely pleased to welcome Ali to Toshiba as the first President and CEO of the new company."

NEW YORK--(BUSINESS WIRE)--Toshiba announced today that Mr. Ali Azad has been appointed the first President and CEO of Toshiba America Energy Systems Corporation (TAES) where he will be responsible for overseeing the establishment and operation of the new company. TAES will begin operations on April 1, 2015 and employ about 500 people.

Azad’s experience encompasses senior leadership positions in both domestic and international settings with significant responsibilities and achievements in areas of strategic growth, marketing and business development. Azad will be located in the new company’s headquarters in Charlotte, NC.

“Ali Azad brings to Toshiba tremendous business experience, industry knowledge and strategic vision,” said Mr. Shigenori Shiga, Corporate Executive Vice President of Toshiba Corporation and President and CEO of Toshiba’s Power Systems Company. “We anticipate his excellent leadership will ensure a strong start and accelerated growth for TAES. Toshiba is extremely pleased to welcome Ali to Toshiba as the first President and CEO of the new company.”

Toshiba previously announced the formation of TAES, a new U.S.-based company that integrates the strengths of three existing businesses: Toshiba International Corporation’s (TIC) thermal and hydro power business, Toshiba America Nuclear Energy Corporation’s (TANE) steam turbine and generator (STG) business for nuclear power systems, and Westinghouse Electric Company’s (WEC) STG business for nuclear power systems. Contacts for sales and services will be unified at TAES to offer customers a broad range of one-stop solutions. The new company will combine the resources and capabilities developed by TIC, TANE and WEC to capture synergies that will reinforce the STG business for new power plants and the service and maintenance business for existing plants, including units supplied by other companies.

Before joining Toshiba, Azad was President of BHI Energy and directed the company’s overall growth strategy, business development, mergers and acquisitions and joint ventures. In addition, he was also responsible for the operation of several BHI Energy business units.

Azad holds a bachelor’s degree in Mechanical Engineering from Georgia Institute of Technology and a Master of Business Administration from Wake Forest University in North Carolina. He currently serves on the advisory board of the George F. Woodruff School of Mechanical Engineering and as chairman of the Nuclear Energy Institute’s supplier advisory board.

About Toshiba America Inc.

Toshiba Corporation, a Fortune Global 500 company, channels world-class capabilities in advanced electronic and electrical product and systems into five strategic business domains: Energy & Infrastructure, Community Solutions, Healthcare Systems & Services, Electronic Devices & Components, and Lifestyles Products & Services. Guided by the principles of The Basic Commitment of the Toshiba Group, “Committed to People, Committed to the Future”, Toshiba promotes global operations towards securing “Growth Through Creativity and Innovation”, and is contributing to the achievement of a world in which people everywhere live in safe, secure and comfortable society. Founded in Tokyo in 1875, today’s Toshiba is at the heart of a global network of over 590 consolidated companies employing over 200,000 people worldwide, with annual sales surpassing 6.5 trillion yen (US$63 billion).Toshiba America, Inc. is the holding company for five Toshiba operating companies in the United States and employs over 20,000 people in North America.

Toshiba’s North-America based companies and some of their chief products are as follows: Toshiba America Electronic Components, Inc. (Semiconductors, Flash Memory-Based Storage Solutions, LCD, custom chips, and Hard Disk Drives); Toshiba America Information Systems, Inc. (Tablets, Laptop Computers, Telephony Products, Flat Panel LCD TVs, and portable products); Toshiba America Business Solutions, Inc. (Copiers, Facsimiles, Printers and Digital Signage); Toshiba International Corporation (Motors, Motor Controls, Power Electronics, Power Generation Equipment, Automation); Toshiba America Medical Systems, Inc. (Computed Tomography, Magnetic Resonance, X-ray and Ultrasound); and Toshiba America Nuclear Energy Corporation (Advanced Boiling Water Nuclear Reactors).

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Ali Azad, CEO of Toshiba America Energy Systems Corporation (TAES)(Photo: Business Wire)

Contact:

Toshiba America, Inc.
Corporate Communications & CSR Department
Press: 212-596-0623
http://news.toshiba.com
or
Ketchum for Toshiba America, Inc.
Kelly Heisler, 646-884-1658
kelly.heisler@ketchum.com

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