Honda has announced that CEO Takahiro Hachigo will be succeeded by the automaker’s head of research and development, Toshihiro Mibe. The company’s board held a meeting on Friday to finalize the decision, noting in a release that Mibe would officially be taking over leadership responsibilities on April 1st. A resolution of the general shareholder meeting is scheduled for June 2021, at which point Hachigo is assumed to be retiring from the business.
Mibe joined Honda’s engineering team in 1987 and had worked his way up to head of R&D in 2019. Since 2020, he’s also been working as the brand’s senior managing director. He’s to be tasked with taking the manufacturer into “the next era” — which we’re guessing entails strengthening its commitment to electric vehicles. Though the manufacturer also stated that “a new value system is spreading all around the world” adding that this change in management would help reflect that as it strives to solve social issues.
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