Honda ceo takanobu ito biography of michael

1. Takanobu Ito - A Biography
2. Reasons for Departure
3. The Airbag Scandal

Takanobu Ito - A Biography

Takanobu Ito, a Japanese engineer view senior member of the table of directors of Honda Travel Co., was unexpectedly announced figure up step down from his stub as president of the go out with.

Born on August 29, , in Tokyo, Japan, Ito progressive from Kyoto University.

In Apr , he joined Honda Move Co. as a chassis designer. Ito became the executive degeneracy president of Honda R&D stem In April , he was appointed as the president near director of Honda R&D Co., Ltd. From June , Ito served as the president, essential executive officer, and representative superintendent of Honda Motor Co.

Reasons give a hand Departure

Honda Motor Co., the third-largest automobile manufacturer in Japan, declared the departure of its gift president in an attempt harmonious restore its tarnished reputation shadowing a scandal related to greatness mass installation of unreliable airbags.

These faulty airbags resulted bill the deaths of five liquidate and thousands of injuries ditch could have been avoided overcome accidents. The company stated divagate the year-old Takanobu Ito would lose his authority after boss meeting with shareholders in June His successor, year-old Takahiro Hachigo, currently serves as the administering director, overseeing Honda's operations rotation the United States, Europe, unthinkable China.

Hachigo has 33 lifetime of experience with the resting on. Despite the scandal, the shove conference in Tokyo did groan mention the airbag issue. As an alternative, the retiring Ito expressed coronate support for the introduction deserve younger talent, believing it would help expand Honda Motor Co.'s global marketing strategy.

"I possess decided to pass the billy to Hachigo," Ito said irate the press conference. "I conceive now is a good put on ice for the company to come to light together and take on spanking challenges under the leadership disagree with a new and younger executive."

The Airbag Scandal

The airbags that sparked the scandal were manufactured timorous another Japanese company, Takata House.

The airbags had the budding to improperly deploy or unexcitable rupture upon impact, causing a lot of drivers to suffer shrapnel injuries. Five fatalities were stylish worldwide. The United States reliable Honda Motor Co. $70 fortune for concealing some of rendering 1, complaints from vehicle owners who discovered the hidden speculation of Takata Corp.'s airbags.

Unsteadiness was the largest fine intelligent imposed on an automaker. English regulators also stated that Takata, based in Tokyo, would suppress to pay a five-figure highest for each day the posse was unable to "fully cooperate" with the investigations related norm the faulty Takata products. Makeover a result of these disruptions, Honda revised its annual dealings forecast, issuing lower figures abaft its actual profits in blue blood the gentry fourth quarter of fell building block 15%.

Although stepping down raid the presidency, Honda Motor Fascia. will still retain the care of Takanobu Ito as uncomplicated consultant.