DENSO : Announces Changes to Its Board of Directors and Audit & Supervisory Board
April 25, 2019 at 10:33 pm EDT
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Apr. 26, 2019 News ReleasesInvestors
DENSO Corporation today announced that its Board of Directors, which met on April 26, 2019, has approved a resolution to change the members of the Board of Directors and the Audit & Supervisory Board, effective on the day of the company's 96th Annual General Meeting of Shareholders, 2019. The resolution was made in order to make decisions that anticipate changes in mobility and speed up the management process by optimizing the management structure focusing on diversity and level of expertise, and will formally come into effect at the aforementioned shareholders' meeting and the subsequent meeting of the Board of Directors.
Changes to members of the Board of Directors and Audit & Supervisory Board as of the day of 96th Annual General Meeting of Shareholders, 2019:
The following will be newly appointed as Members of the Board:
Akio Toyoda
Shigeki Kushida
Yuko Mitsuya
The following will resign as Members of the Board:
Haruya Maruyama
Takashi Nawa
The following will be newly appointed as outside Audit & Supervisory Board Members:
Yasuko Gotoh
Haruo Kitamura
Hiromi Kitagawa will be appointed as Substitute Audit & Supervisory Board Member.
The following will resign as Audit & Supervisory Board Members:
Moritaka Yoshida
Toshimichi Kondo
Noriyuki Matsushima
Structure of the Board of Directors and Audit & Supervisory Board (draft) after 96th Annual General Meeting of Shareholders, 2019:
Members of the Board
Position
Name
*President and CEO
Koji Arima
*Executive Vice President
Yasushi Yamanaka
Hiroyuki Wakabayashi
Member of the Board,
Senior Executive Officer
Shoji Tsuzuki
Member of the Board
○Akio Toyoda
Outside Member of the Board
George Olcott
○Shigeki Kushida
○Yuko Mitsuya
Audit & Supervisory Board Members
Position
Name
Audit & Supervisory Board Member
Atsuhiko Shimmura
Motomi Niwa
Outside Audit & Supervisory Board Member
○Yasuko Gotoh
○Haruo Kitamura
SubstituteAudit & Supervisory Board Member
○Hiromi Kitagawa
About DENSO Corporation
DENSO is a $48.3 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 211 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 9.3 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2019. For more information about global DENSO, visit https://www.denso.com/global
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Denso Corporation published this content on 26 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2019 02:32:05 UTC
Denso Corporation is one of the world's largest producers of automotive equipment. The products include air conditioning systems, radiators, alternators, motors, starters, airbag sensors, etc. The group also offers industrial robots, automated industrial systems, etc.
Net sales are distributed geographically as follows: Japan (41.9%), Asia and Oceania (22.4%), North America (22%), Europe (12.1%) and other (1.6%).