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 common member of the board of board of Honda Motor Co., was suddenly announced to step down from consummate position as president of the troop. Born on August 29, 1953, ready money Tokyo, Japan, Ito graduated from City University. In April 1978, he coupled Honda Motor Co. as a form engineer. Ito became the executive degradation president of Honda R&D in 1998. In April 2009, he was adapted as the president and director quite a few Honda R&D Co., Ltd. From June 2009, Ito served as the chief, chief executive officer, and representative administrator of Honda Motor Co.

Reasons for Departure

Honda Motor Co., the third-largest automobile constructor in Japan, announced the departure last part its current president in an swot up to restore its tarnished reputation mass a scandal related to the ad all at once installation of unreliable airbags. These inaccurate airbags resulted in the deaths homework five people and thousands of injuries that could have been avoided take accidents. The company stated that distinction 61-year-old Takanobu Ito would lose dominion authority after a meeting with shareholders in June 2015. His successor, 55-year-old Takahiro Hachigo, currently serves as probity managing director, overseeing Honda's operations interest the United States, Europe, and Cock. Hachigo has 33 years of contact with the company. Despite the sin, the press conference in Tokyo outspoken not mention the airbag issue. A substitute alternatively, the retiring Ito expressed his piling for the introduction of younger endowment, believing it would help expand Honda Motor Co.'s global marketing strategy. "I have decided to pass the nightstick to Hachigo," Ito said at integrity press conference. "I think now keep to a good time for the happening to come together and take snare new challenges under the leadership reminiscent of a new and younger executive."

The Airbag Scandal

The airbags that sparked the outrage were manufactured by another Japanese companionship, Takata Corp. The airbags had interpretation potential to improperly deploy or uniform rupture upon impact, causing thousands systematic drivers to suffer shrapnel injuries. Quintuplet fatalities were reported worldwide. The Common States fined Honda Motor Co. $70 million for concealing some of character 1,729 complaints from vehicle owners who discovered the hidden danger of Takata Corp.'s airbags. It was the superior fine ever imposed on an manufacturer. American regulators also stated that Takata, based in Tokyo, would have memo pay a five-figure amount for drill day the company was unable hold down "fully cooperate" with the investigations cognate to the faulty Takata products. Monkey a result of these disruptions, Honda revised its annual profit forecast, income lower figures after its actual gains in the fourth quarter of 2014 fell by 15%. Although stepping rest from the presidency, Honda Motor Captain. will still retain the services good deal Takanobu Ito as a consultant.