DENSO Announces Organizational and Executive Changes

KARIYA, Japan, Dec. 5, 2022 /PRNewswire/ -- DENSO Corporation, a leading mobility supplier, today announced changes to its organizational structure, executives' responsibilities, and personnel, effective January 1, 2023.

I. Organizational Changes

1. To address ever increasing global-scale social challenges such as global warming and energy and resource shortages, DENSO will merge the FA Business Development Div. (formerly the Industrial Solution Business Unit), which provides lean automation solutions to the industrial sector; the Food Value Chain Business Development Div., which provides safe and stable supply solutions in food and agriculture sectors; the newly established Circular Economy Development Dept.; and the Digital Solution Development Dept. to establish the Social Innovation Business Development Function Unit. This supports DENSO efforts to realize a safe and secure recycling-oriented society through the creation of multifaceted innovations.
   
   
2. To realize free and safe mobility with zero traffic fatalities, it is essential to enhance full-ambient sensing of vehicles and coordination with infrastructure, as well as to predict "unseen dangers" and provide information to drivers and passengers in the cockpit by making full use of AI and other technologies. As a result, DENSO will merge the AD&ADAS Business Unit and the Cockpit Systems Business Unit to establish the Safety Systems Business Unit. Through the new value created by combining the fields of advanced safety systems and human-machine interfaces, DENSO aims to further strengthen its competitiveness and expand its product lineup.
   
   
3. As CASE technology advances, semiconductors will play an increasingly important role in enhancing vehicle performance. To strengthen the strategy and functionality in purchasing semiconductors, DENSO will establish the Semiconductor-Originated Key Technologies R&D Div. in the Electronics Business Unit, and the Semiconductor Parts Purchasing Div. in the Purchasing Group.

II. Changes to Executive Structure and Executives

<Reference>

Operating Officers' areas of responsibility effective January 1, 2023

Reference: Official name of CxO

CRO: Chief Risk Officer
CCO: Chief Compliance Officer 
CQO: Chief Quality Officer 
CFO: Chief Financial Officer 
CTO: Chief Technology Officer 
CHRO: Chief Human Resources Officer 
CMzO: Chief Monozukuri Officer 
CSwO: Chief Software Officer 
CDO: Chief Digital Officer

DENSO is a $45.1 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 198 facilities to produce electrification system, powertrain system, thermal system, mobility electronics, & advanced devices, to create jobs that directly change how the world moves. The company's 167,000+ 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 9.0 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2022. For more information about global DENSO, visit https://www.denso.com/global/en/

SOURCE DENSO

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