Panasonic appoints first woman to board

Panasonic named the first female board member in its 95-year history while trimming the executive ranks as the electronics company tries to lower costs and speed up decision-making after a record annual loss.

Japan's No2 television maker was adding Hiroko Ota, a former economic and fiscal policy minister teaching at Tokyo's National Graduate Institute for Policy Studies, to its board, the firm said yesterday. The number of executive officers will drop to 21 from 30, partly because some are retiring without being replaced.

via Business feed http://www.scmp.com/business/companies/article/1167417/panasonic-appoints-first-woman-board