Chief executive of Japan's Honda to step down, hand reins to R&D chief


Honda Motor Co next CEO Toshihiro Mibe poses for a photograph with outgoing CEO Takahiro Hachigo during a news conference in Tokyo, Japan Feb 19, 2021. Reuters

TOKYO (Reuters) - Japan's second-biggest automaker by sales, Honda Motor Co, said on Friday its chief executive, Takahiro Hachigo, would step down and be replaced by Toshihiro Mibe, its head of research and development, on April 1.

Mibe, 59, who has worked with Hachigo to push through structural reforms, has been president of the R&D unit since 2019, following stints in engine development and the drive-train business after joining the company in 1987.

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