Denso boss announces retirement; successor named

SOUTHFIELD, Mich.– Denso International America announced that its president and CEO Mitsuo “Matt” Matsushita, will retire, effective Dec. 31, 2007.

Kenji Ohya, senior managing director and a member of the Board of Directors, will replace Matsushita in both roles.

Matsushita has served as president and chief operating officer of the auto and trucking supplier since July 2002, and was named president and chief executive officer in July 2004.

He has worked at DENSO for 36 years, since he graduated from Kanazawa University in Ishikawa prefecture, Japan in 1971. Prior to his U.S. assignment, he served as executive vice president of DENSO International Europe.

During his tenure of the North American operation, sales for the Americas rose from US$4.8 billion for the year ended March 31, 2002 to US$6.5 billion for the year ended March 31, 2007.

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