September 22, 2017 7:13 AM ET

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Company Overview of Key Safety Systems, Inc.

Company Overview

Key Safety Systems, Inc. designs, develops, manufactures, and supplies advanced engineered safety products for global automotive and non-automotive markets worldwide. The company offers active safety products, such as autonomous technologies, event protection, and integrated safety and electronics; passive safety products, including airbags, inflators, seatbelts, and steering wheels; and specialty products, such as aerospace, industrial, personal protection, and ultra-premium products. It serves active safety, passive safety, and specialty product sectors. The company was formerly known as BREED Technologies, Inc. and changed its name to Key Safety Systems, Inc. in September 2003. Key Safety...

7000 Nineteen Mile Road

Sterling Heights, MI 48314

United States

Founded in 1986

16,300 Employees

Phone:

586-726-3800

Fax:

586-726-4222

Key Executives for Key Safety Systems, Inc.

Interim President & Executive Director
Age: 50
Executive Chairman
Senior VP & CFO
Age: 48
Senior VP & President of Asia Region
President of Key Plastics LLC and Chief Operating Officer - Key Plastics LLC
Compensation as of Fiscal Year 2017.

Key Safety Systems, Inc. Key Developments

Key Safety Systems Announces Executive Changes

Key Safety Systems announced that Jason Luo has resigned as president and chief executive officer. Concurrent with this change, Mr. Luo will also vacate his seat on the KSS board of directors. KSS also announces the formation of new interim management committees to oversee the company's operations and planned transaction and integration with Takata. Yuxin Tang will assume the role of executive director and interim president effective September 1, 2017. An automotive industry veteran, Mr. Tang currently serves as director of KSS and corporate vice president of Joyson, and was formerly an executive at SAIC General Motors Corporation. As part of the transition, KSS has also announced that chairman Jeff Wang will become executive chairman of the organization, also effective September 1, 2017.

Key Safety Systems Appoints Andreas Brand as Senior Vice President, Passive Safety Europe and President of Europe

Key Safety Systems announced the appointment of Dr. Andreas Brand to the position of Senior Vice President, Passive Safety Europe and President of Europe. More recently, he has served as the Member of the Board and President of the Wiring Systems Division at Leoni AG.

Takata Reportedly Planning To Sell Operations To Key Safety

Takata Corporation (TSE:7312) is preparing to seek bankruptcy protection as soon as June 25, 2017 with a tentative deal to sell operations to a rival, people familiar with the matter said. Takata has an agreement in principle to sell the bulk of its assets for roughly $1.6 billion to Key Safety Systems Inc., the people said. Key Safety would assume Takata's main operations, while leaving behind liabilities tied to the Japanese company's air bags.

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