DENSO : Announces New Management Structure and Management Changes

Feb. 20, 2017 News ReleasesOrganization Announcement

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 is 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 director 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 our 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.'

Executive Changes

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

Responsibility of Member of the Board and Executive Directors as of April 1st, 2017

Title	Name	Responsibility
*Chairman	Nobuaki Katoh
*Vice Chairman	Koji Kobayashi	Tokyo Office
*President & CEO	Koji Arima
*Executive Vice President	Haruya Maruyama	Overall Management, Overall Sales and Marketing, Corporate Strategy
	Yasushi Yamanaka	Overall Management, Overall R&D, Future Creation Technology, NIPPON SOKEN, INC.
	○Hiroyuki Wakabayashi	Overall Management, Overall Production, Safety & Environment, Quality Center, ADAS, DENSO ABASHIRI TEST CENTER CORP.
Member of the Board	Masahiko Miyaki
	Satoshi Iwata
	George Olcott	Outside board member
	Takashi Nawa	Outside board member
Member of the Board Senior Executive Director	Yoshikazu Makino	Corporate Center, Audit Dept., Thermal Systems Business Group
	Michio Adachi	Powertrain Systems Business Group
	Masahiko Ito	DENSO SALES JAPAN CORPORATION, New Business, Fleet Air-Conditioning Business Unit

Title	Name	Responsibility
Senior Executive Director	Toshiyuki Kato	Toyota Sales Div., Osaka Sales Div.
	Sadahiro Usui	Head of Europe, DENSO INTERNATIONAL EUROPE B.V.
	Katsuhisa Shimokawa	Production Innovation Center
	Yukihiko Murakami	Sales and Marketing Group
	Hiroyuki Ina	Electronic Systems Business Group, Tokyo Office
	Shoji Tsuzuki	Purchasing Group, Information Systems Div., EDT Promotion Div.
	○Shingo Kuwamura	ASMO CO., LTD.
	○Yukihiro Kato	Information & Safety Systems Business Group
	○Yoshifumi Kato	Engineering Research & Development Center, Digital Innovation

Title	Name	Responsibility
Executive Director	○Kazuaki Fujitani	Aftermarket Unit, Connected Service Business Promotion Div., Customer Service Div. Chubu Sales Div., Hiroshima Sales Div.
	Yukihiro Shinohara	Electrification Systems Business Group
	Kazumasa Kimura	Head of China, DENSO (CHINA) INVESTMENT CO.LTD.
	Bunichi Kondo	Tokyo Sales Division
	Masanori Tsuruta	Semiconductor Device Business Unit
	Yasuhiro Iida	Thermal Systems Business Group (Deputy)
	Kenichiro Ito	Head of North America, DENSO INTERNATIONAL AMERICA, INC.
	Shinsuke Yamaguchi	DENSO (THAILAND) CO., LTD.
	Yoshitaka Kajita	Head of Asia-Oceania, DENSO INTERNATIONAL ASIA CO., LTD.
	Jiro Ebihara	Electric Components Business Unit
	Jack Helmboldt	DENSO MANUFACTURING TENNESSEE, INC.
	Yuji Ishizuka	Sales and Marketing of Europe, DENSO AUTOMOTIVE DEUTSCHLAND GMBH
	Yasuhiko Yamazaki	Production Eng. Research Div., Innovative Production & Factory Promotion Div., Materials Eng. R&D Div., Measurement & Instrumentation Eng. Div., Prototype Mfg. Div.,
	Hisaaki Sato	Sales and Marketing of North, Central & South America
	Hajime Kumabe	Advanced Safety Business Unit, Electronic Control Components Div.
	Yasushi Matsui	Corporate Planning Div., Finance & Accounting Div., Global Strategy Dept., Cost Management Dept.
	Hirotsugu Takeuchi	ICT Business Unit, Thermal Systems R&D Function Unit
	Keiko Shimokata	Health Care Promotion Div., Diversity & Inclusion Promotion, DENSO BLOSSOM Co. LTD
	Yutaka Yamanouchi	Strategic Production Planning Div., Production Control Div., Logistics Planning Div., Facility Div., DENSO E&TS TRAINING CENTER CORP.
	Hisashi Iida	ADAS Business & Technology Development Div., Corporate R&D Div.1,2
	Marco Di Rao Marotta	Thermal Systems Business of Europe, DENSO THERMAL SYSTEMS S.p.A.
	Sinnosuke Hayashi	Basis Electronic Technology Unit, Electronics Business Unit, DENSO CREATE INC.
	Terutaka Kageyama	Sales Engineering
	Yasushi Mukai	Human Resources Div., Corporate Communications Div., Legal Div., General Admin. Div., Plant General Administration
	Katsuhiko Takeuchi	Diesel Systems Business Unit, Gasoline Systems Business Unit, Engine Components Business Unit
	○Tomoyuki Arakawa	New Business Promotion　Div.
	○Kazuoki Matsugatani	Engineering of Europe
	○Katsuhiko Sugito	Machinery & Tools Div., Parts Eng. Div., Parts Mfg. Div., FA 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.

DENSO's New Board of Directors and Audit & Supervisory Board as of Annual General Meeting of Shareholders, 2017

Title	Name
*Chairman	Nobuaki Katoh
*Vice Chairman	Koji Kobayashi
*President & CEO	Koji Arima
*Executive Vice President	Haruya Maruyama
	Yasushi Yamanaka
	Hiroyuki Wakabayashi
Member of the Board	Yoshikazu Makino
	George Olcott**
	Takashi Nawa**

Title	Name
Audit & Supervisory Board Member	Masato Iwase
	Atsuhiko Shimmura
	Moritaka Yoshida**
	Tsutomu Saito**
	○ Noriyuki Matsushima**

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.