Business biography sample

Takanobu Ito

Japanese design engineer, senior member of the board of directors of Honda Motor Co.
Date of Birth:
Country: Japan

Content:
  1. Takanobu Ito - A Biography
  2. Reasons for Departure
  3. The Airbag Scandal

Takanobu Ito - A Biography

Takanobu Ito, a Japanese engineer and senior member of the board of directors of Honda Motor Co., was unexpectedly announced to step down from his position as president of the company.

Takanobu ito biography sample Takanobu Ito (伊東 孝紳, Itō Takanobu, born 29 August ) is a Japanese senior business executive at Honda Motor Co. (joined in ), who has served as the President, Chief Executive Officer and Representative Director of Honda since June

Born on August 29, , in Tokyo, Japan, Ito graduated from Kyoto University. In April , he joined Honda Motor Co. as a chassis engineer. Ito became the executive vice president of Honda R&D in In April , he was appointed as the president and director of Honda R&D Co., Ltd. From June , Ito served as the president, chief executive officer, and representative director of Honda Motor Co.

Reasons for Departure

Honda Motor Co., the third-largest automobile manufacturer in Japan, announced the departure of its current president in an attempt to restore its tarnished reputation following a scandal related to the mass installation of unreliable airbags.

These faulty airbags resulted in the deaths of five people and thousands of injuries that could have been avoided in accidents.

Takanobu ito biography sample pdf Takanobu Ito, a Japanese engineer and senior member of the board of directors of Honda Motor Co., was unexpectedly announced to step down from his position as president of the company. Born on August 29, , in Tokyo, Japan, Ito graduated from Kyoto University.

The company stated that the year-old Takanobu Ito would lose his authority after a meeting with shareholders in June His successor, year-old Takahiro Hachigo, currently serves as the managing director, overseeing Honda's operations in the United States, Europe, and China. Hachigo has 33 years of experience with the company.

Despite the scandal, the press conference in Tokyo did not mention the airbag issue. Instead, the retiring Ito expressed his support for the introduction of younger talent, believing it would help expand Honda Motor Co.'s global marketing strategy. "I have decided to pass the baton to Hachigo," Ito said at the press conference.

Takanobu ito biography sample form

Takanobu Ito (伊東 孝紳, Itō Takanobu, born 29 August ) is a Japanese senior business executive at Honda Motor Co. (joined in ), who has served as the President, Chief Executive Officer and Representative Director of Honda since June

"I think now is a good time for the company to come together and take on new challenges under the leadership of a new and younger executive."

The Airbag Scandal

The airbags that sparked the scandal were manufactured by another Japanese company, Takata Corp. The airbags had the potential to improperly deploy or even rupture upon impact, causing thousands of drivers to suffer shrapnel injuries.

Five fatalities were reported worldwide. The United States fined Honda Motor Co. $70 million for concealing some of the 1, complaints from vehicle owners who discovered the hidden danger of Takata Corp.'s airbags.

Biography sample for work Tokyo, February 23, - Honda Motor Co., Ltd. (Honda Motor) today announced that Takanobu Ito, currently the company's Senior Managing Director, will become the seventh President & Chief Executive Officer of Honda Motor effective in late June

It was the largest fine ever imposed on an automaker. American regulators also stated that Takata, based in Tokyo, would have to pay a five-figure amount for each day the company was unable to "fully cooperate" with the investigations related to the faulty Takata products. As a result of these disruptions, Honda revised its annual profit forecast, issuing lower figures after its actual profits in the fourth quarter of fell by 15%.

Although stepping down from the presidency, Honda Motor Co. will still retain the services of Takanobu Ito as a consultant.