DENSO Announces North American Executive Management Changes

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Apr 28, 2016, 10:30 ET

SOUTHFIELD, Mich., April 28, 2016 /PRNewswire/ -- DENSO announced today the following executive management changes. These changes will be effective after the 93rd Annual General Meeting of Shareholders at DENSO's global headquarters on June 21, 2016.

Kenichiro "Ken" Ito will serve as chairman of DENSO's North American Board of Directors and chairman and chief executive officer (CEO) of DENSO International America, Inc., DENSO's North American corporate headquarters. Located in Southfield, Michigan, Ito will oversee all North American group companies and affiliates. He will be responsible for strengthening our One DENSO approach to business and the DENSO brand in North America. Previously, he served as executive director of the Corporate Planning, Finance & Accounting Division and Business Innovation Department at DENSO Corporation in Japan. Ito will assume the position from Sadahiro "Sam" Usui who will serve as CEO of DENSO International Europe B.V.

Hisaaki Sato will serve as president and chief operating officer of DENSO International America, Inc., responsible for overseeing all aspects of business related to OEM customers for DENSO in the Americas. Previously, he served as executive director of Global Sales & Business Development, Global Business Planning, Chubu Sales and Hiroshima Sales divisions at DENSO Corporation. Sato will assume the position from Kazumasa "Kaz" Kimura who will serve as executive director of Global Sales & Business Development, Global Business Planning, Chubu Sales and Hiroshima Sales divisions.

Satoshi "Scott" Inukai will be promoted to senior director of Global DENSO. Inukai will serve as chief manufacturing officer (CMO) of DENSO International America, Inc., responsible for overseeing all aspects of manufacturing in North America in addition to the lead of North America Production Innovation Center.

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.globaldenso.com, or visit our media website at www.globaldenso.com/en/newsreleases/media-center/

About DENSO in North America:
In North America, DENSO employs more than 22,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO's North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com.