Mitsubishi Electric US, Inc. Appoints Limor Spector to Oversee Innovation Organizations Across the Americas

CYPRESS, Calif.--(BUSINESS WIRE)--Sep 9, 2026--

Mitsubishi Electric US, Inc. has appointed Limor Spector as Senior Vice President, Innovation, Ventures & Commercialization for the company’s key innovation organizations.

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In a newly established role, Spector will oversee key innovation organizations across the Americas, including Serendie Street Boston, the digital transformation arm of Mitsubishi Electric in the Americas. Serendie Street Boston aligns AI, software, and digital transformation capabilities from across Mitsubishi Electric industrial and technology businesses within a coordinated innovation ecosystem.

“Mitsubishi Electric has been known for delivering reliable, high-quality products and solutions for more than a century," said Limor Spector. “Where we take that expertise next will impact the manufacturing industry for years to come. Our work at Serendie Street will help shape a new culture of innovation across the company, accelerating progress from concept to commercialization.”

Spector will foster a collaborative hub designed to advance research and emerging technologies, creating new opportunities for customers, collaborators, and Mitsubishi Electric. This leadership role will enable the company to innovate faster, operate more seamlessly across organizations, and deliver greater value to customers worldwide.

“We are dedicated to strengthening our commitment to innovation," said Michael Corbo, President and CEO, Mitsubishi Electric US, Inc. “Limor’s leadership will be instrumental in helping us shift mindsets, strengthen our venture and commercialization capabilities, and create stronger connections across our organization.”

Most recently, Spector served as President, Licensing & Ventures at GE Vernova, where she led technology commercialization, venture creation, strategic partnerships, and intellectual property monetization initiatives. She earned both an M.S. and Ph.D. in Applied Physics from Stanford University, following her undergraduate studies in Physics at Harvard University.

Spector will be based in the company’s Serendie Street Boston office.

About Mitsubishi Electric US, Inc.

Mitsubishi Electric US, Inc., headquartered in Cypress, California, is the U.S. affiliate of Mitsubishi Electric Corporation and a driver of innovation across the Americas. The company manufactures cooling and heating products, elevators and escalators, industrial automation solutions, space and sensing systems, and semiconductor devices, while serving as home to the Americas Corporate Office. Guided by “Making Changes for the Better,” Mitsubishi Electric helps build a more vibrant and sustainable future through bold innovation. Learn more at Mitsubishi Electric US.

About Mitsubishi Electric Corporation

Guided by its corporate philosophy, Mitsubishi Electric Corporation (TOKYO: 6503) places sustainability at the core of its operations and values stakeholder trust—encompassing society, customers, shareholders and employees. In pursuing profitability, capital efficiency and growth, Mitsubishi Electric works closely alongside customers to develop value-added solutions that address today’s complex challenges while enhancing the company’s sustainable corporate value.

Founded in 1921, Mitsubishi Electric has over a century of experience in delivering reliable, high-quality products and solutions. With over 200 group companies and approximately 150,000 employees worldwide, the company is a recognized global leader in manufacturing, marketing and selling electrical and electronic equipment and systems across a broad range of sectors, including public utility systems, energy systems, defense and space systems, factory automation systems, automotive equipment, building systems, air conditioning systems & home products, digital innovations, and semiconductor & devices.

Mitsubishi Electric recorded consolidated revenue of 5,894.7 billion yen (U.S.$ 36.8 billion*) in the fiscal year that ended on March 31, 2026. For more information, please visit www.MitsubishiElectric.com

*JPY 160=USD 1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2026

Mitsubishi Electric US, Inc. Appoints Limor Spector to Oversee Innovation Organizations Across the Americas

NEW YORK (AP) — Stocks fell on Wall Street Wednesday as the price of crude oil rose back above $100 a barrel amid further escalation in the U.S. war with Iran.

The S&P 500 index fell 0.3%. The Dow Jones Industrial Average fell 311 points, or 0.6%, as of 10:45 a.m. Eastern time. The Nasdaq composite fell 0.4%.

The losses were broad, with retailers among the companies leading the market lower. Amazon fell 1.8% and Starbucks fell 1.5%. Nearly every sector within the benchmark S&P 500 lost ground, but oil companies pushed higher. Exxon Mobil rose 1.9% and Chevron rose 1.6%.

Oil prices drove much of the action on Wall Street. The U.S. destroyed five Iranian tankers on Tuesday in a series of attacks between the two nations. The conflict that began in February has essentially shut down traffic in the Strait of Hormuz, where a fifth of the world’s oil supply passed before the war began.

The price of Brent crude, the international standard, rose 3.3% to $101.18 a barrel. It marks the first time the price surpassed $100 a barrel since July.

The jump in oil prices over the course of the war has fueled already high inflation. Gasoline prices in the U.S. are up about 32% from a year ago to $4.22 per gallon. Higher fuel prices cut into household budgets directly when it comes to the cost of driving, but they also indirectly raise prices for goods because of higher shipping costs.

The price of fiesel, which can have an outsized impact on consumers because it is used in shipping and production, hit an all-time high Friday and has continued to climb since. The average price for a gallon reached $5.94 overnight and is now 9 cents higher than it was Friday.

Inflation was already stubbornly high when the U.S. started its war against Iran because of the ongoing U.S. trade war with much of the world. That trade war is also heating up, especially between the U.S. and its close ally and trade partner Canada.

Wall Street will get more updates this week on inflation, starting with a look at prices at the wholesale level on Thursday with the release of the Producer Price Index for August. It measures prices businesses pay for goods before they reach customers. That report will be followed up Friday with the release of the Consumer Price Index, or CPI, for August, which shows the more direct price impact for households.

The latest reports are expected to show that the rate of inflation remains above 3%. That has been an issue for the Federal Reserve, which is aiming to hold inflation at a target rate of 2%. The central bank has been holding rates steady, but Wall Street is leaning toward a 60% chance that it will raise its benchmark interest rate at its meeting next week, according to data from CME Group.

Higher interest rates make borrowing more expensive. The goal of raising interest rates is to slow the economy and cool inflation.

Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury rose to 4.81% from 4.80% ate Tuesday.

Elsewhere on Wall Street, shares of Meta Platforms rose 5.7% as the parent company of Instagram and Facebook launched a personal artificial intelligence agent, Muse, for people 18 and over who are looking for help with day-to-day tasks like schedules and shopping.

Markets in Europe fell while markets in Asia closed mixed.

AP Business Writers Yuri Kageyama and Michelle Chapman contributed to this report.

Specialists Dilip Patel works on the floor of the New York Stock Exchange, Thursday, Aug. 27, 2026, in New York. (AP Photo/Yuki Iwamura)

A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Wednesday, Sept. 9, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

A person walks in front of an electronic stock board showing Japan's Nikkei and New York Dow indexes at a securities firm Wednesday, Sept. 9, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Wednesday, Sept. 9, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)