Sharp Corporation has appointed Doug Albregts as president/CEO of Sharp Electronics Corporation (SEC), its wholly owned subsidiary in charge of the Americas business.
Albregts will officially succeed Toshiyuki Osawa, who previously held the position. The move stems from Sharp Corporation’s recent alliance with Hon Hai Precision Industry Co. Hon Hai brand Foxxconn acquired Sharp Electronics for $3.8 billion in August, assuming a 66 percent ownership stake.
Albregts will also remain president of Sharp Imaging and Information Company of America (SIICA), which manages Sharp’s B-to-B operations. He joined Sharp as SIICA president in 2011 and has also held positions with Samsung, Canvyz and NEC.
“The appointment of Doug Albregts to this important position is a testament to the success of the local leadership of the business solutions team at SEC over the past few years,” said Tai Jeng Wu, president/CEO of Sharp Corporation. “With the many great opportunities in the B-to-B space, SEC will focus on growing and diversifying its business technology in the Americas, working in synergy with Hon Hai’s vast experience in this sector.”
Said Albregts: “I’m truly honored to be named president and chief executive officer of SEC. My main objective is to ensure financial stability and growth for products and services of SEC in the Americas. The additional resources and reach obtained by working with Hon Hai opens up an exciting new future for us.”