Official Honda Notice Concerning Management Change

Discussion in 'News Feeds' started by Honda World News, Monday 23rd Feb, 2015.

  1. Honda World News Auto-Generated News Feed

    The Board of Directors of Honda Motor Co., Ltd. (the "Company"), at its meeting held on February 23, 2015, has decided on changes in its Operating Officers as of April 1, 2015 and its Directors as of June 2015.

    Source: Honda World News
     
  2. Honda World News Auto-Generated News Feed

    Honda Motor Co., Ltd. ("Honda Motor") today announced that Takahiro Hachigo, currently the company's Managing Officer, will become Senior Managing Officer effective in April 2015, and will become President, Chief Executive Officer and Representative Director in late June 2015.

    Source: Honda World News
     
  3. Ichiban Founder Staff Team

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    Last edited: Monday 23rd Feb, 2015
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  4. bijomaru Premium Member Club Supporter

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    Fingers crossed for taking Honda back on track to greatness
     
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  5. exec Premium Member Club Supporter

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    At its upcoming shareholders' meeting in June, Honda is set to make a raft of changes to its senior personnel, including new board members, directors, auditors and operating officers. But the most pivotal of the new appointments will see the replacement of its president and chief executive.

    That job currently belongs to Takanobu Ito, who will step down in June and hand the reins over to Takahiro Hachigo, subject to ratification by the shareholders.

    Hachigo-san has been with Honda since 1982, rising up the ranks and holding a series of key executive and R&D posts with the Japanese automaker in locations around the world – including here in the United States, where he spearheaded development of the original Odyssey minivan and directed the company's American R&D center. He subsequently headed Honda's European operations and currently serves as its most senior officer in China. He's 55 years old.

    He takes over from Ito-san after a tumultuous period for Honda. Ito, 62, joined Honda in 1978 and similarly rose through the R&D ranks, holding some of the same positions along the way that Hachigo would later, albeit more focused on the company's operations at home in Japan. Ito took over as president and CEO in 2009, steering Honda through a difficult period marked by fluctuating currencies, the tsunami disaster of 2011 and flagging quality issues that have forced Honda to issue unprecedented recalls, focusing much criticism on Ito's leadership. Honda recently recalled millions of vehicles that were fitted with Takata's faulty airbag inflators, which had the unpleasant tendency to spew shrapnel at consumers.

    Ito will remain on board as a director and advisor, but what we'll be most interested to see is the direction in which Hachigo will take the company. Under Ito's leadership, Honda has brought back performance icons like the NSX and Civic Type-R, launched innovative environmental technologies, delved into aerospace with the HondaJet and re-entered Formula One. One of Hachigo's first priorities will undoubtedly be to restore the company's reputation for quality, but we'll have to wait and see what (if any) sort of new and exciting developments he'll spearhead once he takes office.
    Honda Motor Co., Ltd. Announces New President & CEO

    Tokyo, February 23, 2015 --- Honda Motor Co., Ltd. ("Honda Motor") today announced that Takahiro Hachigo, currently the company's Managing Officer, will become Senior Managing Officer effective in April 2015, and will become President, Chief Executive Officer and Representative Director in late June 2015. Takanobu Ito, the current President, Chief Operating Officer and Representative Director, will remain on the board and assume the post of Director and Advisor to Honda Motor. This management succession will occur following the final decision of the Honda Motor Board of Directors after the company's annual shareholders' meeting, scheduled for late June 2015.

    Hachigo joined Honda in 1982, and began his career in its automobile research and development operations, principally as an engineer in the area of chassis design. Hachigo was in charge of developing the first-generation of U.S.-built Odyssey minivan, which was launched in 1999 primarily for the U.S. market. Hachigo went on to assume responsibilities as the person-in-charge of developing the second generation CR-V, Honda's highly successful compact sport-utility vehicle for the worldwide markets, in 2001.

    From April 2004 to March 2006, Hachigo was stationed in the U.S. as Senior Vice President of Honda R&D Americas, Inc., where he became actively involved in the local development of Honda and Acura automobiles. In April 2006, Hachigo became Operating Officer of Honda R&D Co., Ltd. ("Honda R&D") and subsequently gaining promotion to Managing Officer in April 2007. After retiring from this position in March 2008, Hachigo became General Manager of Purchasing Division No.2 of Purchasing Operations, Honda Motor, in April and became Operating Officer of Honda Motor in June of the same year. Hachigo then assumed a role in the area of manufacturing as General Manager of Honda's Suzuka Factory in April 2011. He served as Vice President and Director of Honda Motor Europe Ltd. from April 2012 to March 2013 and also as President and Director, Honda R&D Europe (U.K.) Ltd., from September 2012 to March 2013. In 2013, Hachigo's responsibilities shifted to China, becoming Vice President of Honda Motor (China) Investment Co., Ltd. in April, simultaneously becoming Representative of Development, Purchasing and Production (China), Honda Motor, and Vice President of Honda Motor Technology (China) Co., Ltd. In April 2014, Hachigo was promoted to Managing Officer of Honda Motor, a title he currently holds.

    Ito joined Honda in 1978 and began his career in the company's automobile research and development operations, primarily as a chassis design engineer. Ito was in charge of developing the all-aluminum uni-body frame structure for the highly acclaimed first-generation NSX sports car that went on sale in 1990. In June 2000, he was appointed a member of the Honda Motor Board of Directors, subsequently assuming responsibilities as President and Director of Honda R&D, General Manager of the Suzuka Factory, and most recently, President, Chief Executive Officer and Representative Director of Honda Motor, a title he has held since June 2009.

    During the six years of Ito's leadership, Honda was able to actively evolve its global manufacturing structure, notably the establishment of automobile plants in Mexico, Brazil, Thailand, Indonesia, India and China. Also under Ito's leadership, Honda succeeded in solidifying its business foundation by enhancing its product development capabilities-from the hugely popular N-series mini-vehicles, to automobile powertrain development as represented by the Earth Dreams Technology, to the establishment of product development structures in each of Honda's global regional operations. Furthermore, an all-new FCV that Ito has led in an effort to realize a CO2-free automobile, as well as "fun to drive" vehicles including the S660, Civic Type-R and NSX models are scheduled to be launched during the fiscal year ending March, 2016. Likewise, Honda's participation in Formula 1, the pinnacle of automobile racing, and foray into aviation businesses with HondaJet and jet engine will take place during the same period.


    Honda replaces CEO Takanobu Ito with Takahiro Hachigo

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    What are the chances that Honda UK will get a shake up too?
     
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  6. Ichiban Founder Staff Team

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  7. exec Premium Member Club Supporter

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    My bad, didnt see this one!

    How good is this new guy? His CV doesn't seem that impressive, he worked on the odyssey and 2nd Generation CR-V, not much else from engineering point of view.
     
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  8. Ichiban Founder Staff Team

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    Well for the first time a Non Honda R&D chief has been given the role which again is a move away from tradition, his CV may not be that impressive but he been put in to undo what Ito has done over his tenure.

    Its back to Honda basics first .
     
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    Nels likes this.
  9. exec Premium Member Club Supporter

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    Still reading the press release, Ito wasn't all that bad. perhaps he failed in certain areas, but under his rule we see the return of the CTR, NSX, return to F1, some innovative hybrid cars, and he had quite a good CV, he was in charge of the alu body of the NSX. Perhaps he had the right ideas but the wrong priorities.
     
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  10. Ichiban Founder Staff Team

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    No press release from a company is going to bad mouth any of it predecessors are they? he had the wrong ideas and wrong direction and it will take the new boss 5 years to overturn these ridiculous move in the name of progress when in essence they have proved otherwise. His biggest downfall was the overhaul vendors and R&D developments which you cannot do to mimic the like of the other Japanese vendors was the biggest mistake Honda are not geared to work like that.

    The only saving grace for Ito was he had the vision to build and move more of the car production outside Japan to mitigate any natural disasters which Japan may face in the coming years. In my eyes he has been the worst ever CEO and its time to send him packing.
     
    Last edited: Tuesday 24th Feb, 2015
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  11. Nels Moderator Staff Team

    We can only hope that this is the turning point we've been waiting for.
    Time will tell...
     
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