Denso CEO Retires

SOUTHFIELD, Mich. - Denso announced that Mitsuo “Matt” Matsushita, president and CEO of Denso International America (Denso’s North American headquarters) and managing officer of Denso Corp., retired from Denso effective Dec. 31, 2007. Matsushita has served as president and COO of Denso International America since July 2002, and was named president and CEO in July 2004.

During his tenure as president and CEO of Denso International America, sales for the Americas rose from $4.8 billion for the year ended March 31, 2002 (an irregular 15-month reporting period due to the fiscal year-end shift from December to March) to $6.5 billion for the year ended March 31, 2007.

Kenji Ohya, senior managing director and a member of the board of directors, Denso Corp., will replace Matsushita as president and CEO of Denso International America.

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Publication date: 01/14/2008

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