FOR IMMEDIATE RELEASE
Mike Riccio Named Chief Financial Officer of Panasonic Corporation of North America
SECAUCUS, NJ, February 8, 2013 --- Mike Riccio has been named Chief Financial Officer of Panasonic Corporation of North America, the principal North American subsidiary of Osaka, Japan-based Panasonic Corporation (NYSE: PC). Mr. Riccio, who until now has served as the company’s Vice President and Controller, has worked for Panasonic for 26 years, holding key accounting and financial management positions and leading many of the company’s strategic initiatives in the U.S. and Canada.
“Mike’s well deserved appointment to this post is an important milestone in the continued localization of Panasonic’s management outside Japan,” said Joseph M. Taylor, Chairman and CEO of Panasonic Corporation of North America.
In addition to his new responsibilities as CFO, Mr. Riccio will continue to lead the relocation of the company’s headquarters operations. As part of its continuing efforts to achieve sustainability, Panasonic Corporation of North America will move its headquarters from Secaucus, NJ to a new state-of-the-art eco-conscious office tower in Newark, NJ adjacent to the Newark Penn Station mass transit hub this summer.
An accounting graduate of Rutgers University, with an MBA in Finance also from Rutgers, Mr. Riccio is a Certified Public Accountant in the State of New Jersey and a member of the American Institute of Certified Public Accountants (AICPA) and the New Jersey Society of CPA’s (NJSCPA). Mr. Riccio and his family live in Wyckoff, New Jersey.
About Panasonic Corporation of North America
Based in Secaucus, NJ, Panasonic Corporation of North America provides a broad line of digital and other electronics products and solutions to meet consumer, business and industrial needs. The company is the principal North American subsidiary of Osaka, Japan-based Panasonic Corporation (NYSE: PC), and the hub of Panasonic’s U.S. branding, marketing, sales, service and R&D operations. Panasonic is committed to becoming the electronics industry's leader in green innovation by its one-hundredth anniversary in 2018. In the 2012 Interbrand Annual Best Global Green Brands survey, Panasonic was ranked among the world’s top ten green companies: http://www.interbrand.com/en/best-global-brands/Best-Global-Green-Brands/2012-Report.aspx
Information about Panasonic and its products is available atwww.panasonic.com. Additional company information for journalists is also available at www.panasonic.com/pressroom.
Jim Reilly, Panasonic 201-392-6067 firstname.lastname@example.org
Lori Chiazzo, Panasonic 201-392-4178 email@example.com