Industry Veteran to Provide Leadership through Closing and Integration of Announced Takata Acquisition
Sterling Heights, MI USA – January 11, 2018 – Key Safety Systems (KSS), a global leader in mobility safety headquartered in Michigan, USA, is pleased to announce the appointment of Robert B. Weiss to the position of Senior Vice President, General Counsel.
Bob brings to KSS more than 30 years of legal experience within the global automotive sector. Before assuming his position at KSS, Bob served as the Chairperson of the Commercial, Bankruptcy and Reorganization Group of Honigman, Miller, Schwartz and Cohn, focusing his practice on the representation of OEMs and Tier One suppliers. Bob’s expertise is in bankruptcy proceedings, complex supply situations and challenging unique transactions, where he has established a strong track record of success.
He joins KSS as the company navigates through Takata bankruptcy court proceedings in Japan and the United States. Completing the merger is intended to solve many challenges including the continuation of the supply of Takata recall replacement to enhance public safety. As agreed by the United States Department of Justice and Takata, proceeds from the sale will be contributed to form a compensation fund for victims of faulty Takata airbags. The merger provides a future for Takata’s workforce, which totals more than 2,400 in the United States and roughly 45,000 worldwide.
Matt Cohn, who served as interim General Counsel, continues in his role of KSS Vice President and Assistant General Counsel, reporting to Bob.
Key Safety Systems (KSS) is a global leader in mobility safety through the system integration and performance of safety-critical components to the automotive and non-automotive markets serving the active safety, passive safety and specialty product sectors. Through highly specialized design, development, and manufacturing, KSS’ technology is featured in more than 300 vehicle models produced by over 60 well-diversified customers worldwide. Since commencing business as a United States start-up, serving Detroit automakers in 1916, KSS continues today with an entrepreneurial and pioneering spirit. KSS is headquartered in Sterling Heights, Michigan, with a global network of more than 13,000 employees in 34 sales, engineering, and manufacturing facilities. The company has 5 main technical centers located in the key regions of the Americas, Europe and Asia. It is a wholly owned subsidiary of Ningbo Joyson Electronic Corp. (SHA: 600699) (“Joyson Electronics”).
For further information about Key Safety Systems see: http://www.keysafetyinc.comdescription Download PDF