DETROIT -- Denso Corp. today said that Hikaru "Howard" Sugi will be CEO of Denso International America Inc., the Japanese automotive supplier’s North American headquarters, effective June 22.
Sugi replaces Yoshiki "Steve" Sekiguchi, who is retiring from the company. Sugi also will serve as chair of the board of directors for the North American Denso Group.
Sugi, a senior executive director of the parent company, has been in charge of Denso’s engineering research and development center, hybrid system engineering department and new business promotion department. He will continue to serve in these roles in addition to his new North American duties. His extensive experience in r&d and product development will help strengthen and expand Denso’s engineering capability in North America, the company said.
Denso Corp., of Kariya, Japan, is the world’s largest parts supplier, with estimated parts sales to automakers in its fiscal year which ended March 31, 2010, of $28.7 billion. It is part of the Toyota Group. Toyota Motor Corp. owns about 23 percent of the supplier.
In North America, Denso is the third-largest supplier, with estimated parts sales to automakers in the fiscal year that ended March 31, 2011, of $5.7 billion.