Seiko Corp. of America gets new president

Fumitaka Ueno, a 30-year veteran of Seiko Corp., has been named the new president of Seiko Corp. of America, according to SCA sources. He is expected to arrive within the next couple weeks.

Ueno replaces Tsutomu Mitome, who has returned to Tokyo to head the new Seiko Watch Corp., which will be officially set up at Seiko Corp.’s stockholders’ meeting on June 28. (Seiko Corp., which will become a holding company, has now spun off each of its six major businesses as independent subsidiaries.)

Ueno was previously general manager of worldwide marketing for Seiko watches, and earlier was general manager of Seiko France.