DENSO Announces New Executive Structure and Management Changes
KARIYA, Japan, Feb. 18, 2019 /PRNewswire/ -- DENSO Corporation today announced changes to its executive management structure and personnel. As the auto industry continues to evolve more rapidly than ever, these changes will help DENSO achieve its long-term vision to create and inspire new value for the future of mobility. The new executive structure and management updates will help the world's second largest mobility supplier operate more efficiently and accelerate its decision-making process.
Specifically, DENSO reduced the number of members on its Board of Directors, delegated authority to execute, and reorganized structure so it can increase operational efficiency and better leverage employees' strengths. DENSO will also reshuffle its executive management structure and personnel.
"Amid this shift in our industry, DENSO must work together to streamline our internal structure while speeding up our management and execution process in order to bring a better future to as many people as possible," said President and CEO Koji Arima.
1. Changes to the Executive Management Structure
DENSO's Board of Directors decided to change its executive management structure, effective April 1, 2019. For more rapid managerial decision-making and increased operational efficiency, DENSO reduced the executive management team from 55 to 28, which will now consist of the following titles:
-- Chairman
-- President and CEO
-- Executive Vice President
-- Member of the Board
-- Senior Executive Director
-- Audit & Supervisory Board Member
The title of Senior Executive Director will be renamed to "Executive Officer," and these executives will manage their respective sections as well as address the business issues faced by DENSO. The title of Executive Director will be renamed to "Senior Officer," and those in the post are required to serve as frontline managers to make decisions quickly on site while exercising their authority over their areas of responsibility.
2. Changes to Executive Management
To ensure the right people are currently in the appropriate positions, DENSO's Board of Directors reshuffled its executive management, effective March 1, 2019, and April 1, 2019.
Kazumasa Kimura will resign as executive director as of March 1, 2019. He will be appointed managing executive officer of Toyota Tsusho Corporation.
The following management changes will be effective April 1, 2019:
-- Sadahiro Usui will be appointed as executive vice president.
-- Haruya Maruyama will resign as executive vice president.
The following will be appointed as executive officers:
-- Tomokazu Takahashi, currently a senior executive director, member of the
board of JTEKT Corporation
-- Yasuhiro Iida, currently an executive director
-- Kenichiro Ito, currently an executive director
-- Yasuhiko Yamazaki, currently an executive director
-- Yasushi Matsui, currently an executive director
-- Hirotsugu Takeuchi, currently an executive director
Yukihiro Kato will resign as senior executive director.
3. Executive Management as of April. 1st, 2019
?
Member of the
Board
?
*Representative, **Outside
Title
Name
---
President & CEO*
Koji Arima
---
Executive Vice President*
Yasushi Yamanaka
---
Executive Vice President*
Hiroyuki Wakabayashi
---
Member of the Board,
Shoji Tsuzuki
Executive Officer
---
Member of the Board
Haruya Maruyama
---
Member of the Board**
George Olcott
---
Member of the Board**
Takashi Nawa
---
? *
Member of the
Executive Vice Board,
-- Newly-
President appointed
?
Title
Name
---
Executive Vice
President*
Yasushi Yamanaka
---
Executive Vice
President*
Hiroyuki Wakabayashi
---
Executive Vice
President
Toshiyuki Kato
---
Executive Vice --
President
Sadahiro
Usui
---
?
Audit &
Supervisory Board Member
?
*Outside
Title
Name
---
Audit & Supervisory
Atsuhiko Shimmura
Board Member
---
Audit & Supervisory
Motomi Niwa
Board Member
---
Audit & Supervisory
Moritaka Yoshida
Board Member*
---
Audit & Supervisory
Toshimichi Kondo
Board Member*
---
Audit & Supervisory
Noriyuki Matsushima
Board Member*
---
? * Member of the Board, -- Newly-
appointed
Executive
Officer
?
Title
Name
---
Executive
Officer
Hiroyuki Ina
---
Executive
Officer
Masahiko Ito
---
Executive
Officer
Katsuhisa Shimokawa
---
Executive
Officer*
Shoji Tsuzuki
---
Executive
Officer
Shingo Kuwamura
---
Executive
Officer
Yoshifumi Kato
---
Executive
Officer
Kazuaki Fujitani
---
Executive
Officer
Yukihiro Shinohara
---
Executive
Officer
Yoshitaka Kajita
---
Executive --
Officer
Tomokazu
Takahashi
---
Executive --
Officer
Yasuhiro Iida
---
Executive --
Officer
Kenichiro Ito
---
Executive --
Officer
Yasuhiko
Yamazaki
---
Executive --
Officer
Yasushi Matsui
---
Executive --
Officer
Hirotsugu
Takeuchi
---
About DENSO
DENSO is a $48.1 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 220 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 8.8 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2018. For more information about global DENSO, visit https://www.denso.com/global.
In North America, DENSO employs 24,000+ engineers, researchers and skilled workers across 31 sites in the U.S, Canada and Mexico. In the United States alone, DENSO employs 17,000+ employees across 12 states and 25 sites. Headquartered in Southfield, Michigan, in fiscal year ending March 31, 2018, DENSO in North America generated $10.9 billion in consolidated sales. Join us, and craft not only how the world moves, but also your career. For more information, go to https://www.denso.com/us-ca/en/.
View original content to download multimedia:http://www.prnewswire.com/news-releases/denso-announces-new-executive-structure-and-management-changes-300797242.html
SOURCE DENSO
