KARIYA (Japan) - DENSO Corporation today announced that it plans to introduce a new management system, in addition to executive changes, following the 91st Annual General Meeting of Shareholders and Board of Directors Meeting on June 19.

Changes in Management System

DENSO will introduce a new management system designed to strengthen corporate governance.

The new system will:

1. Separate and clarify corporate responsibility among Members of the Board, Senior Executive Directors and Executive Directors. Members of the Board will be responsible for decision making and supervision, and Senior Executive Directors and Executive Directors will be responsible for business execution.
(Alteration of memorandum will be after approval at the 91st Annual General Shareholders Meeting.)

2. Introduce external Members of the Board to reflect objective suggestions and opinions from outside the company.

Executive Changes

1. New Executive Vice Presidents

Akio Shikamura
Haruya Maruyama

2. New Members of the Board

Masahiko Ito*
George Olcott, outside board member,
(Guest Professor, Faculty of Business and Commerce, Keio University)
Takashi Nawa,outside board member,
(Professor, Hitotsubashi University Graduate School of International Corporate Strategy)
*Also holds the position of Senior Executive Director

3. New Audit and Supervisory Board Member:

Atsuhiko Shimmura

4. New Senior Executive Directors:

Shinji Shirasaki*
Manfredo Nicolelli
Akio Tajima*
Yoshikazu Makino
Michio Adachi*
Yasushi Yamanaka
Hiroyuki Wakabayashi*
Satoshi Iwata*
Masahiko Ito*
Toshiyuki Kato
Koji Arima
*Member of the Board

5. New Executive Directors:

Jack Helmboldt
Yuji Ishizuka
Yasuhiko Yamazaki
Hisaaki Sato
Hajime Kumabe
Yasushi Matsui
Hirotsugu Takeuchi

6. New Appointments for Board of Directors:

7. New Appointments for Executive Directors:

8. New Appointments for Audit and Supervisory Board Member:

DENSO Corporation, 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 nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

DENSO's New Organization

Board of Directors

Senior Executive Directors

Executive Directors