TOKYO — DENSO Corp. has announced a reorganization of the company’s management structure, set to take effect after its annual stockholders meeting in June.
The new structure will include a board of directors and non-board managing officers. The current system consists only of a board of directors. The reorganization was designed to streamline operations, said Koichi Fukaya, president and CEO of DENSO.
“The new management system is intended to shorten decision-making time and speed up operations under the current corporate auditor system,” said Fukaya.
The number of board of directors will be reduced from 32 to 13, and the maximum number will be reduced from 45 to 20. Beginning in June, there will be 24 non-board managing officers. Each of the non-board managing officers will be in charge of daily operations in specific divisions.
Both board of directors and non-board managing officers will be appointed for one-year terms. Board members now serve two-year terms.
In June, DENSO also plans to announce the promotion of Hiromu Okabe, current vice chairman, to chairman of DENSO Corp.; as well as the promotion of Kazuo Matsumoto, current senior managing director, to executive vice president of DENSO Corp. Also in June, the company will announce the retirement of its current Chairman Akira Takahashi, who will continue to serve as a consultant to the company.
For more information about DENSO, go to: www.globaldenso.com.
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