Megan Myungwon Lee has been named Chairwoman and CEO of Panasonic North America, the company announced Thursday morning. She will begin in the role on Oct. 1.
Lee currently serves as the chief human resources officer and VP of corporate planning and strategic initiatives. She succeeds Michael Moskowitz, who is departing Panasonic after more than a decade in top leadership roles with the company.
Panasonic North America is based in Newark. It is a subsidiary of Panasonic Corporation, which is based in Japan.
Panasonic President Yuki Kusumi said Lee is the perfect person for the role.
“As a proven leader who has taken on ever-increasing responsibilities across the company, we look forward to benefiting from Megan’s strategic thinking, operational expertise and creative vision to accelerate growth and enhance the company’s competitiveness,” he said. “We are grateful for Michael’s valuable leadership and significant contributions to Panasonic, and we wish him all the best.”
Lee has served in a variety of senior leadership roles with Panasonic and has been instrumental in spearheading new business initiatives, strategic planning, digitization of human resources management, as well as the company’s diversity, equity and inclusion strategy, both in the U.S. and Japan. Lee also is acting chair of the board of the Panasonic Foundation, dedicated to advancing equity in science, technology, engineering, arts, and mathematics education.
“This is a pivotal time for our company and in the technology industry, and I am honored by the opportunity to lead Panasonic Corporation of North America as we seek to drive sustainable growth, deliver more complete, differentiated solutions and create better experiences for our customers,” she said. “I am excited about Panasonic’s future and our role in contributing to society while moving the world forward.”
Moskowitz, who was named Chairman and CEO of Panasonic North America in 2019, said Lee is a worthy successor.
“Given Megan’s personal career journey and varied management experience within Panasonic over the years, I am extremely confident she – along with the strong PNA senior executive team – will continue to support Panasonic and lead our North American company with the same values, passion, and agility to drive the next level of transformation in the region,” he said.