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Dec. 30— Bruce D. Angiolillo has been named general counsel of TK Holdings Inc., the North American subsidiary of Takata Corp., the air bag maker whose products have been linked to at least five deaths.
Angiolillo, who joined Jan. 1, was a partner at Simpson Thacher & Bartlett LLP, where he headed the securities litigation practice. Takata has been under fire since it became known that its airbags can explode with too much force and spew metal.
Automakers, led by Honda Motor Co., have issued recalls for more than 20 million vehicles globally. Takata has resisted the U.S. National Highway Traffic Safety Administration's demand to expand the safety campaign nationally beyond high-humidity areas where four motorists have died from the defects.
According to a statement from the company, Angiolillo will oversee all North American legal and regulatory matters and work directly with Takata's senior management and external legal counsel. As general counsel, he “will play an integral role in Takata's continued efforts to work cooperatively with the National Highway Traffic Safety Administration” and other regulators “to resolve all outstanding issues related to the safety campaigns associated with certain Takata airbag inflators.”
“I'm honored to have been appointed to this important role at a time when Takata is clearly facing some challenges, but also has significant opportunities ahead of it to regain the full confidence of the public and its customers,” Angiolillo said in the company statement announcing his hiring.
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