Honda To Appoint New CEO By Late 2015 After Largest Recall Till Date

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Japanese automobile giant, Honda faced the worst recall of vehicles in automobile history. There was an issue in their airbags due to a quality defect by its producer. It was a major setback for Honda and they are still to come to terms with the largest recall till date.

Now Honda has announced that current CEO, Takanobu Ito will be stepping down at the age of 61. The leadership will be handed over to Takahiro Hachigo, who currently serves as Managing Officer. This move will be confirmed post a shareholders meet, which is scheduled for June, 2015.

Takanobu Ito will continue serving for Honda, he will only be stepping down from the post of CEO. He will continue as a board member and an advisor. There are also several other changes being made in Honda organisation.

Head of Production and Honda R&D will also be stepping down. Takashi Yamamoto and Yoshiharu Yamamoto respectively will be relinquishing their positions. It is currently not known, if they would be taking up any other role within the company.

The Takata airbag recall was the largest till date and Honda's new CEO will have to steer the company out of this phase. Many customers have lost faith and it will be the new CEO's job to address this problem as soon as possible.

Story first published: Tuesday, February 24, 2015, 13:30 [IST]
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