JTEKT India Limited, a prominent player in the automotive and engineering sectors, has announced a significant change in its leadership. During its Board of Directors meeting held on December 20, 2024, the company resolved to redesignate Mr. Minoru Sugisawa as the Chairman & Managing Director of the company. This transition will be effective from January 1, 2025, and will extend until the remaining tenure of his appointment, concluding on May 31, 2026.

Leadership Changes

The decision follows the resignation of Mr. Hitoshi Mogi, who steps down as Chairman & Managing Director and from the Directorship of the company, effective January 1, 2025. Mr. Mogi has played a pivotal role in JTEKT's growth and operational success. The board expressed its appreciation for his contributions and wished him well in his future endeavors.

Mr. Minoru Sugisawa, a seasoned professional with over three decades of experience, has been associated with JTEKT Corporation and its global operations since 1991. His appointment as Chairman & MD marks a significant step in further strengthening JTEKT India’s leadership.

Mr. Minoru Sugisawa: A Brief Profile

• Educational Background: Graduated from Kobe Technical College, Japan, in 1991.
• Career Highlights:
  • Started his career with JTEKT Corporation (formerly Koyo Seiko Co., Ltd., Japan).
  • Held key roles in Production Administration and Steering & Drivelines technology.
  • Promoted to General Manager in 2018, leading the Personal Administration Office.
  • Current Role: Whole-time Director of JTEKT India since June 1, 2023.

Mr. Sugisawa also serves as a member of the Audit Committee, Stakeholders Relationship Committee, and Risk Management Committee at JTEKT India.

Governance and Compliance

The company confirmed that Mr. Sugisawa is not debarred or disqualified by SEBI or any other authority. His redesignation is subject to shareholder approval, as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Board Meeting Details

• Meeting Date: December 20, 2024
• Commencement and Conclusion: 12:30 PM to 1:05 PM
• Outcome: Approval of leadership changes and compliance updates.

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