Honda Motor Co. President Takanobu Ito said he will step down and named an r&d executive with wide international experience as his replacement following a string of quality lapses that spurred a round of internal reforms.
Takahiro Hachigo, 55, currently a managing officer leading the company’s r&d, purchasing and production in China, will take office as president and CEO in late June, following approval at that month’s annual shareholders’ meeting, Honda said in a statement today.
The date of the meeting has not been announced.
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