Sharp’s Albregts Promoted to President and CEO of Sharp Electronics
Sharp Corporation today announced that it’s appointed Doug Albregts president and chief executive officer of Sharp Electronics Corporation (SEC), Sharp’s subsidiary that manages Sharp’s Americas business. As part of Sharp Corporation’s recent strategic alliance with Hon Hai Precision Industry, Albregts will succeed Toshiyuki Osawa, who previously held the position. This new role is in addition to Albregts’ existing position as president of Sharp Imaging and Information Company of America (SIICA), which manages Sharp’s business-to-business operations.
In March 2016, Foxconn Technology Group, the parent company of Taiwan’s Hon Hai Precision Industry, paid 389 billion yen ($3.5 billion) for a controlling stake in Sharp Corporation of Japan.
Albregts joined Sharp as President of SIICA in 2011, and has been responsible for SIICA’s business solutions, including copier/MFPs and professional and commercial displays for the United States.
Tai Jeng Wu, president and CEO of Sharp Corporation commented: “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. With the many great opportunities in the B2B 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.”
Prior to joining Sharp, Albregts held several executive positions within the industry, including vice president, Enterprise Business Division, for Samsung Electronics of America, and general manager at Canvys, a division of Richardson Electronics. Albregts also held a 12-year tenure with NEC, culminating as senior vice president for sales, marketing, and business development for both the commercial and consumer market segments.
Sharp’s Albregts commented: “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.”
Albregts is said have “vastly increased” the profitability of Sharp’s business-to-business division since joining Sharp in 2011 as president of SIICA.
- August 2016: Foxconn’s Tai Jeng Wu is New President and CEO of Sharp Corporation
- August 2016: Sharp Posts Loss for Quarter, Business Solutions Group’s Sales Down 3.8 Percent
- July 2016: Nakayama is New President of Sharp Business Solutions Company
- May 2016: Sales, Profits Down for Sharp’s Fiscal Year, but Business Solutions Group’s Sales Up
- March 2016: Foxconn to Invest Billions of Yen in Sharp’s Business Solutions Group
- March 2016: Foxconn Takes Controlling Interest in Sharp in Reduced Buyout