DENSO Announces New Management Structure and Management Changes
KARIYA (Japan) ―DENSO Corporation today announced its new management structure and management changes. The new structure will help DENSO advance in areas the automotive industry is quickly progressing in, such as electrification, automated driving, connected vehicles, car sharing and the Internet of Things (IoT).
New Company Management Structure
The following changes will be effective April 1, 2017:
- DENSO will reduce its number of members on the Board of Directors.
- Board of Directors will include representatives, outside directors, and executives who are in charge of corporate planning.
- The new structure will streamline decision making and execution, create a separation between Management and Execution, and help engaging company-wide strategy discussions at Board of Directors meetings.
- In addition, DENSO will change the timing of senior executive directors and executive directors promotions to April.
New Executive Position “Executive fellow”
DENSO will introduce a new executive position “Executive fellow“. This position will lead their specialized files with their highly advanced expertise, and provide new values to the society. This position is introduced based on DENSO’s policy that “Human resources having highly advanced expertise are sources of company’s competing power”.
“As the industry rapidly changes, DENSO needs to transform its approach to work,” said president and CEO of DENSO Corporation Koji Arima. “This transformation starts with our executive team. We need a structure in place to improve our competitiveness, speed and expertise.”
The following management changes will be effective April 1, 2017:
Hiroyuki Wakabayashi will be appointed to executive vice president and member of the Board. Currently he is the senior executive director and member of the Board.
Masahiko Miyaki will resign as executive vice president.
The following will be appointed as senior executive directors:
- Shingo Kuwamura, currently an executive director
- Yukihiro Kato, currently an executive director
- Yoshifumi Kato, currently an executive director
The following will be appointed as executive directors:
- Kazuaki Fujitani, currently head of Aftermarket Business Unit
- Tomoyuki Arakawa, currently General Manager, Aftermarket, Fleet & New Business Group Business Planning Dept.
- Kazuoki Matsugatani, currently Director, ADAS Business & Technology Development Div.
- Katsuhiko Sugito, currently Director, Machinery & Tools Div.
Satoshi Iwata will resign as senior executive director.
The following will resign as executive directors:
- Hideaki Matsuki
- Masato Nakagawa
The following will be appointed as executive fellows:
- Hiroyuki Murayama, currently Senior Technical Executive, Basis Electronic Technology Unit
- Masato Nakagawa, currently Executive Director, Engineering of Europe
- Hiroaki Ishikawa, currently head of Electric Components Business Unit
Changes of Members of the Board and Audit & Supervisory Board Member
DENSO decided the following changes of members of the Board and the members on its Audit & Supervisory board. This changes will be effective after the 94th Annual General Meeting of Shareholders, 2017.:
The following will resign as from members of the Board:
- Masahiko Miyaki
- Michio Adachi
- Satoshi Iwata
- Masahiko Ito
Noriyuki Matsushima will be appointed as member of the Audit & Supervisory Board.
Tsutomu Saito will resign as member of the Audit & Supervisory Board.
About DENSO Corporation
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.denso.com, or visit our media website at www.denso.com/global/en/news/media-center/