Nobuaki Katoh to Be Elected DENSO President in June
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April 17, 2008
KARIYA (Japan) - DENSO Corporation today announced plans to elect Nobuaki Katoh as new president and CEO after the annual shareholders meeting in June. Current President and CEO Koichi Fukaya will be promoted to vice chairman and Akihiko Saito will remain as chairman.
"I am both honored and determined to lead DENSO to further success as we manage the many challenges in today's rapidly changing global business environment," Katoh said. "I am dedicated to strengthening DENSO's global network to meet the needs of the expanding automotive industry and our customers worldwide.
"I also believe an essential part of my job as president will be to increase our focus on corporate social responsibility, such as ensuring company transparency and addressing global environmental issues."
Katoh joined DENSO in 1971, after earning a bachelor's degree in Business and Commerce from Keio University in Tokyo.
After serving as general manager of the Air-Conditioning Planning and the General Planning departments, Katoh was named one of DENSO's managing officers in June 2004. He became president of DENSO's European headquarters in June 2005.
In June 2007, Katoh was promoted to senior managing director responsible for DENSO's Corporate Center and Thermal Systems Business Group. His responsibilities included planning and implementation of corporate management strategies.
Fukaya has served as DENSO's president and CEO since June 2003. During his presidency, DENSO expanded its facilities globally, including Japan, China, Europe and North America.
"It has been my honor and pleasure to serve as DENSO's president for the past five years," said Koichi Fukaya, current president and CEO of DENSO Corporation. "Katoh has extensive experience and knowledge of corporate planning, product group management and international leadership, and these are the skills I believe are needed to lead DENSO in further business expansion around the world."
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Worldwide, the company employs approximately 112,000 people in 32 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2007 totaled US$30.6 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges in Japan. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.
In the Americas, DENSO employs more than 17,000 people with consolidated sales totaling US$6.5 billion for the fiscal year ended March 31, 2007. For more information, go to www.densomedia-na.com.
Contact: Julie Kerr
DENSO INTERNATIONAL AMERICA
Phone: 248-372-8260
julie_kerr@denso-diam.com
