AUBURN HILLS, Mich. & TOKYO--(BUSINESS WIRE)--Takata Corporation (7312: JP), a leading global supplier of automotive safety systems, today announced that Bruce D. Angiolillo has been named General Counsel of TK Holdings Inc., the North American subsidiary of Takata Corporation, effective January 1, 2015. Mr. Angiolillo joins Takata following a 34-year career at the highly respected global law firm Simpson Thacher & Bartlett LLP.
As General Counsel of TK Holdings, Mr. Angiolillo will oversee all North American legal and regulatory matters at the Company and work directly with Takata’s senior management, external legal counsel and the Company’s governing bodies. He will play an integral role in Takata’s continued efforts to work cooperatively with the National Highway Traffic Safety Administration (NHTSA) and other regulators to resolve all outstanding issues related to the safety campaigns associated with certain Takata airbag inflators.
Shigehisa Takada, Chairman & CEO of Takata, stated, “Bruce is a talented lawyer whose extensive expertise in complex corporate law, sound judgment and strong communication skills make him a highly valuable addition to our team. Bruce shares our strong values and will fit seamlessly into our culture of integrity and commitment to driver safety. We will benefit greatly from his counsel as we continue our work to support our customers and their safety campaigns in close coordination with NHTSA.”
Mr. Angiolillo stated, “I’m honored to have been appointed to this important role at a time when Takata is clearly facing some challenges, but also has significant opportunities ahead of it to regain the full confidence of the public and its customers. I am eager to help identify and pursue solutions that are in the best interests of the driving public and are fully aligned with our customers and regulators. Takata is an organization with a rich history and long track record of quality and integrity, and I look forward to working tirelessly to ensure its products will continue to protect driver safety long into the future.”
While at Simpson Thacher, Mr. Angiolillo led the firm’s Securities Litigation Practice. He has represented numerous large corporations and other high profile clients, providing counsel on a wide range of situations, including class actions, derivative actions, contests for corporate control, internal investigations, and complex commercial litigations. Mr. Angiolillo has been ranked in “Band 1” by Chambers USA as a Leading Individual in Securities Litigation in New York and nationally for the last ten consecutive years (2005 – 2014). He is a frequent speaker on securities and other litigation topics.
Mr. Angiolillo received his B.A., magna cum laude, from Amherst College in 1974 and his J.D. from Columbia Law School in 1977, where he is a member of the Board of Visitors.
Takata Corporation is a leading global innovator and supplier of automotive safety systems; including airbag systems, seat belts, steering wheels, electronics, sensors, interior trim, and child restraint systems, and supplies all major automotive manufacturers in the world. Headquartered in Tokyo, Japan, it operates 56 plants in 20 countries with more than 36,000 global employees worldwide.