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Matsushita Announces Appointments

September 1, 1993

Undated (AP) _ Matsushita Electric Corp. of America said Wednesday it has appointed Toshinobu Saito president of Quasar Co., replacing Yasuo Nakamura, who has been named vice president of the Panasonic Co. merchandising group.

Hideaki Iwatani will succeed Saito as president of Panasonic’s subsidiary for the western United States. Iwatani had been general manager of the national accounts group for Panasonic.

Quasar and Panasonic are subsidiaries of Japan’s Matsushita Electric Industrial Co. Ltd.

Matsushita also promoted Syunzo Ushimaru to president of Matsushita Electric of Canada Ltd., replacing Takashi Shikata, who is being reassigned to the parent company in Japan to manage foreign relations.

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