Takata names Bruce Angiolillo as general counsel for TK Holdings

Article by Christian Andrei, on January 2, 2015

Takata Corp. has tapped Bruce Angiolillo, a partner at the Simpson Thacher & Bartlett LLP law, as general counsel for TK Holdings Inc. He is tasked to oversee all regulatory and legal matters for the Takata’s North American unit, replacing Don Schiemann, who is retiring on Dec. 31, 2014. Schiemann will still serve as an advisor for Takata.

Angiolillo will collaborate with the National Highway Traffic Safety Administration to resolve the current issue with Takata’s airbags. The retirement of Schiemman comes after Stefan Stocker resigned from his posts as president of Takata.

He, however, will still serve as a board member. Following his resignation, chief executive Shigehisa Takada reassumed the president role. Takata has been plagued with harsh criticism from the NHTSA after it declined a request to expand a callback of driver-side airbags by 8 million units.

So far since 2008, 12 carmakers have recalled over 24 million vehicles fitted with the suspected airbags, which could explode and send shrapnel inside the cabin. Five fatalities have been linked to the suspected airbags.

Angiolillo remarked that his appointment comes at a time when the supplier is facing some challenges. He expressed eagerness to “help identify and pursue solutions that are in the best interests of the driving public.”

Topics: takata

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