Daikin Industries Ltd. Japan (DIL) Inducts First Indian on the Board - KJ Jawa

• Mr. Kanwaljeet Jawa, MD & CEO will be part of the 10 member DIL board, Japan
• "Change Agent" for Daikin India's fortunes & growth

Daikin Air-conditioning India Pvt. Ltd., a 100% subsidiary of Daikin Industries Ltd., Japan having net sales of USD 20 billion – the world’s leading air-conditioning company today announced the inclusion of Mr. Kanwaljeet Jawa, CEO & Managing Director of Daikin India to the Daikin Industries Limited, Japan board.

Mr. Jawa is the first Indian on the Daikin Industries Limited, Japan board and will be part of the 10 member board council, that will steer the future of Daikin. This marks Daikin's strategy to include leadership representation from emerging markets & promote ethnic and gender diversity on their boards. Today, Daikin Industries Limited finds significant contribution from overseas businesses led by local management across the globe, and believes that increased diversity can lead to new ways of working & progress.

Confirming the board seat, Mr. Toshio Nakano, Chairman DIT & DAIPL said, “This is a move as per the Daikin corporate governance code, urging us to make boards more open to gender balance and people with international backgrounds. Institutional investors and shareholders are also supporting our approach that supports boardroom diversity, imperative to operating global organizations in a borderless world. Mr. Jawa has been the Change Agent for Daikin India’s turnaround since 2010, and we are happy to promote him and bestow additional responsibilities that mirror Daikin’s vision & goals going forward.”

Mr. Kanwaljeet Jawa joined Daikin India in 2010 as the COO and later emerged as the MD & CEO who transformed an engineering company to a full scale HVAC organisation powered by a local R&D Facility, Japan Institute of Manufacturing Excellence (JIM) & a 40 acre super HVAC manufacturing facility at Rajasthan.

Under his leadership, Daikin India achieved JPY53.2 billion and established its No.1 position in the Indian market. Embodying people-centered management, the fundamental principle of Daikin, he had involved himself in fostering people for the next generation; participation in the human resources development program by the governments of India & Japan, thereby contributing to the Indian economy.