Honda to Make Changes to its Corporate Executive Structure
February 18, 2020, Japan
TOKYO, Japan, February 18, 2020 -- Honda Motor Co., Ltd. today announced the introduction of a new Operating Executive position effective April 1, 2020, to advance its corporate executive structure and enable the company to address changes in the business environment with greater speed and flexibility.
Honda has always achieved growth by taking on challenges toward high goals while being at the forefront of the times by placing the most appropriate people in key positions. Returning to these basics, Honda reviewed its corporate executive structure and decided to create the Operating Executive position by combining the existing positions of Operating Officer and the highest level manager positions. The addition of the Operating Executive position will provide more flexibility for the company to assign the right people to the right positions and accelerate promotions when appropriate.
【Changes in corporate executive structure】
【Notice Concerning Management Changes】
The Board of Directors of Honda Motor Co., Ltd. (the “Company”), at its meeting held on February 18, 2020, hereby announces that it has decided on changes in its Operating Officers effective as of April 1, 2020, and that it has made an internal decision regarding candidates for Directors to be elected at the Ordinary General Meeting of Shareholders to be held in June 2020.
The changes in Directors effective as of the date of the Ordinary General Meeting of Shareholders to be held in June 2020 shall be formally determined at such Ordinary General Meeting of Shareholders and at a meeting of the Board of Directors to be held immediately thereafter.
Particulars
1. Planned Personnel Changes in Directors
<As of the date of the Ordinary General Meeting of Shareholders to be held in June 2020>
Candidates for Directors to be newly appointed
(Excluding Directors who are Audit and Supervisory Committee Members)
| Name | Current Title | New Title |
| Toshihiro Mibe | Managing Officer | Senior Managing Director |
| Fumiya Kokubu | Chairman of the Board, Marubeni Corporation Outside Director, Taisei Corporation |
Director |
Mr. Toshihiro Mibe’s current title, Managing Officer, is to be changed to Senior Managing Officer effective as of April 1, 2020.
Mr. Fumiya Kokubu is a candidate for Outside Director as defined under the provisions of the Enforcement Regulations of the Companies Act of Japan.
Directors to retire
| Name | Current Title |
| Yoshi Yamane | Senior Managing Director |
| Motoki Ozaki | Director |
Mr. Motoki Ozaki is Outside Director as defined under the provisions of the Companies Act of Japan.
2. Planned Personnel Changes in Operating Officers
<As of April 1, 2020>
Operating Officers to change titles
| Name | Current Title | New Title |
| Toshihiro Mibe | Managing Officer | Senior Managing Officer |
| Katsushi Inoue | Operating Officer | Managing Officer |
Operating Officer to be newly appointed
| Name | Current Title | New Title |
| Hisao Takahashi | Senior Managing Director, Honda R&D Co., Ltd. Chief Officer of Automobile Center |
Managing Officer |
Operating Officers to retire
Operating Officers to retire except Mr. Takashi Sekiguchi and Mr. Kazuhiro Odaka are to be appointed to Operating Executives which are newly established positions. Mr. Kazuhiro Odaka has been appointed as President and Representative Director of Honda Trading Corporation since November 8, 2019.
Name |
Current Title |
| Takashi Sekiguchi | Managing Officer |
| Issao Mizoguchi | Operating Officer |
| Yusuke Hori | Operating Officer |
| Tomomi Kosaka | Operating Officer |
| Toshiyuki Shimabara | Operating Officer |
| Kazuhiro Odaka | Operating Officer |
| Masayuki Igarashi | Operating Officer |
| Hiroyuki Kachi | Operating Officer |
| Soichi Yamamoto | Operating Officer |
| Kimiyoshi Teratani | Operating Officer |
| Asako Suzuki | Operating Officer |
| Katsuhisa Okuda | Operating Officer |
| Katsuhide Moriyama | Operating Officer |
| Keiji Ohtsu | Operating Officer |
| Yoshishige Nomura | Operating Officer |
| Yoshikado Nakao | Operating Officer |
| Hiroshi Tokutake | Operating Officer |
| Taro Kobayashi | Operating Officer |
| Jiro Morisawa | Operating Officer |
<For Reference>
Composition of Directors and Operating Officers as of April 1, 2020 and as of the date of the Ordinary General Meeting of Shareholders to be held in June 2020
1. Directors
| Name | As of April 1, 2020 | As of date of Ordinary General Meeting of Shareholders to be held in June 2020 |
| Toshiaki Mikoshiba | Chairman and Director | Chairman and Director |
| Takahiro Hachigo | President and Representative Director | President and Representative Director |
| Seiji Kuraishi | Executive Vice President and Representative Director | Executive Vice President and Representative Director |
| Yoshi Yamane | Senior Managing Director | - |
| Kohei Takeuchi | Senior Managing Director | Senior Managing Director |
| Toshihiro Mibe | Senior Managing Officer*1 | Senior Managing Director*2 |
| Motoki Ozaki | Director*3 | - |
| Hiroko Koide | Director*3 | Director*3 |
| Fumiya Kokubu | - | Director*2,3 |
| Takanobu Ito | Director and Advisor | Director and Advisor |
| Masahiro Yoshida | Director, Audit and Supervisory Committee Member | Director, Audit and Supervisory Committee Member |
| Masafumi Suzuki | Director, Audit and Supervisory Committee Member | Director, Audit and Supervisory Committee Member |
| Hideo Takaura | Director,*3 Audit and Supervisory Committee Member | Director,*3 Audit and Supervisory Committee Member |
| Mayumi Tamura | Director,*3 Audit and Supervisory Committee Member | Director,*3 Audit and Supervisory Committee Member |
| Kunihiko Sakai | Director,*3 Audit and Supervisory Committee Member | Director,*3 Audit and Supervisory Committee Member |
- *1To change title
- *2To be newly appointed
- *3Outside Directors
2. Operating Officers
| Name | As of April 1, 2020 | As of date of Ordinary General Meeting of Shareholders to be held in June 2020 |
| Michimasa Fujino | Managing Officer | Managing Officer |
| Shinji Aoyama | Managing Officer | Managing Officer |
| Noriya Kaihara | Managing Officer | Managing Officer |
| Mitsugu Matsukawa | Managing Officer | Managing Officer |
| Noriaki Abe | Managing Officer | Managing Officer |
| Yasuhide Mizuno | Managing Officer | Managing Officer |
| Katsushi Inoue | Managing Officer*1 | Managing Officer |
| Hisao Takahashi | Managing Officer*2 | Managing Officer |
- *1To change title
- *2To be newly appointed