Renesas appoints Hisao Sakuta to CEO post

Newswire

TOKYO, May 9 (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. ...

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