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| President Hiromu Okabe Remarks
April 17, 2003 |
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| The Nagoya Stock Exchange Press Club |
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Thank you for attending our news conference on such short notice.
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We have asked you here today so that I may make a special announcement.
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In June 2003, I will step down as president and CEO and will assume the Vice Chairmans position at DENSO Corporation. I felt it was time to introduce someone with new vigor and ideas to ensure DENSOs corporate growth and vitality.
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It gives me great pleasure to introduce to you the next and ninth DENSO Corporation President and CEO: Koichi Fukaya
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Mr. Fukaya is the type of leader who sees many sides to every issue and makes decisions quickly.
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His knowledge of production engineering, especially quality processes, anchors our reputation for manufacturing strength.
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His product group management proved that he could make our largest product group even larger.
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And his leadership experience at a manufacturing company in the United States showed he can inspire DENSO associates around the world.
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He is an insightful person and I feel his potential as president is enormous.
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Now Ehere is DENSOs new president and CEO EKoichi Fukaya.
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