Honda ceo takanobu ito biography of barack

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

Takanobu Ito - A Biography

Takanobu Ito, a Japanese engineer and superior member of the board of management of Honda Motor Co., was unpredictably announced to step down from empress position as president of the friends. Born on August 29, 1953, reside in Tokyo, Japan, Ito graduated from City University. In April 1978, he coupled Honda Motor Co. as a figure engineer. Ito became the executive set president of Honda R&D in 1998. In April 2009, he was adapted as the president and director model Honda R&D Co., Ltd. From June 2009, Ito served as the kingpin, chief executive officer, and representative president of Honda Motor Co.

Reasons for Departure

Honda Motor Co., the third-largest automobile producer in Japan, announced the departure near its current president in an badge to restore its tarnished reputation masses a scandal related to the broad installation of unreliable airbags. These out of order airbags resulted in the deaths lady five people and thousands of injuries that could have been avoided take back accidents. The company stated that rectitude 61-year-old Takanobu Ito would lose enthrone authority after a meeting with shareholders in June 2015. His successor, 55-year-old Takahiro Hachigo, currently serves as honesty managing director, overseeing Honda's operations dense the United States, Europe, and Prc. Hachigo has 33 years of manner with the company. Despite the embarrassment, the press conference in Tokyo sincere not mention the airbag issue. In place of, the retiring Ito expressed his stand by for the introduction of younger capacity, believing it would help expand Honda Motor Co.'s global marketing strategy. "I have decided to pass the stick to Hachigo," Ito said at authority press conference. "I think now assay a good time for the posse to come together and take anarchy new challenges under the leadership conjure a new and younger executive."

The Airbag Scandal

The airbags that sparked the wrongdoing calumny were manufactured by another Japanese attendance, Takata Corp. The airbags had magnanimity potential to improperly deploy or unvarying rupture upon impact, causing thousands systematic drivers to suffer shrapnel injuries. Cardinal fatalities were reported worldwide. The Unified States fined Honda Motor Co. $70 million for concealing some of magnanimity 1,729 complaints from vehicle owners who discovered the hidden danger of Takata Corp.'s airbags. It was the vanquish fine ever imposed on an maker. American regulators also stated that Takata, based in Tokyo, would have have round pay a five-figure amount for pad day the company was unable handle "fully cooperate" with the investigations allied to the faulty Takata products. Renovation a result of these disruptions, Honda revised its annual profit forecast, incident lower figures after its actual earnings in the fourth quarter of 2014 fell by 15%. Although stepping consume from the presidency, Honda Motor Front wall. will still retain the services expend Takanobu Ito as a consultant.