DENSO Announces Changes to Its Board of Directors and Audit & Supervisory Board

Apr. 26, 2019

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

*Representatives, ○Newly-appointed

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

○Newly-appointed

Position

Name

Audit & Supervisory Board Member

Atsuhiko Shimmura

Motomi Niwa

Outside Audit & Supervisory Board Member

○Yasuko Gotoh

○Haruo Kitamura

Substitute Audit & 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/en