Business veteran Bo Andersson has stepped down from his administration positions at Yazaki Corp.
Andersson resigned as CEO of the Japanese family-owned wiring supplier’s North and Central American corporations and as president of its European operation on March 31, the corporate stated Thursday.
Andersson, 65, will proceed to work on the corporate in a senior authorities advisory place, Yazaki acknowledged.
Ryosuke Yazaki, a third-generation member of the household, succeeded Andersson as CEO of Yazaki North America. Hans Lemmens was named CEO of Yazaki Europe.
Kenichi Fujisawa, 53, has been named North American COO, whereas Andreas Di Vece turned COO of the European space.
Joseph Zerafa has been named showing world head of shopping for.
“The automotive business and know-how are each shifting sooner than ever earlier than,” Ryosuke Yazaki, 39, acknowledged throughout the firm’s assertion. “With fast change comes each large challenges and nice alternatives. Yazaki is positioned effectively and can play a essential position in shifting the automotive business ahead.”
Andersson had been president of the European operation since July 2017, and was CEO of North and Central American corporations since March 2018. Previous to becoming a member of Yazaki, Andersson notably was CEO of Russian automaker JSC AvtoVAZ and Basic Motors’ world vice chairman of shopping for.
Yazaki Corp. ranks No. 11 on the Automotive Information file of the highest 100 international suppliers with worldwide product sales to automakers of $17.6 billion in 2019.