Reuters: Technology News: Renesas appoints Hisao Sakuta to CEO post

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Renesas appoints Hisao Sakuta to CEO post May 9th 2013, 06:31 Tweet Share this Email Print Related News At cautious Toyota, low risk rules even as profit booms Wed, May 8 2013 Japan's Toshiba sees 34 percent jump in profit in FY 2013/14 Wed, May 8 2013 CORRECTED-Fujitsu in talks to sell car chip business to Spansion -sources Tue, Apr 30 2013 Honda, Mazda poised to expand, but face high costs in build-out Fri, Apr 26 2013 UPDATE 2-Honda, Mazda poised to expand, but face high costs in build-out Fri, Apr 26 2013 Analysis & Opinion Return to glory days may elude Japan's automakers Amid yen weakness, some Asian winners A Renesas Electronics Corp's chip is pictured at the company's office in Tokyo March 21, 2013. Credit: Reuters/Yuya Shino TOKYO | Thu May 9, 2013 2:31am EDT TOKYO (Reuters) - Renesas Electronics Corp, the world's No.1 maker of micro-controller chips used in cars, said Thursday it would appoint Hisao Sakuta from Omron Corp to be its new CEO and chairman. Japanese chipmaker Renesas received a $1.8 billion government-led bailout last year as it attempts to turn around its loss-making system chip division to focus on its core micro-controller business that supplies major automakers like Toyota Motor Corp and Nissan Motor Co. On Thursday, Renesas posted an operating loss of 23.2 billion yen ($234 million)in the year ended March 31, compared to the 56.8 billion yen loss logged in the previous year. ($1 = 98.8200 Japanese yen) (Reporting by Mari Saito) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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