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Honda Motor Co., Ltd. Announces New President & CEO
 Date: February 23, 2009 07:10
 Submitted by:  JeffX
 Source: Honda Press Release
 Credibility Rating: Not Specified


Tokyo, February 23, 2009 - 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 2009. Takeo Fukui, the current President & CEO, 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 2009.

Ito joined Honda in 1978, and began his career in its automobile research and development operations, principally as an engineer in the area of chassis design. Ito was in charge of developing the all-aluminum uni-body frame structure for the mid-engine NSX sports car that went on sale in 1990, a world's first for a production vehicle of any volume. Ito also took on responsibilities as the person-in-charge of developing a series of compact sedans for the Japanese market in the early 1990's.

From April 1998 to March 2000, Ito was stationed in the U.S. as Executive Vice President of Honda R&D Americas, Inc., where he became actively involved in the development of the Acura brand's first sport-utility vehicle, the MDX (which went on sale in the U.S. in October 2000).

In June 2000, Ito was appointed to the Board of Directors of Honda Motor, simultaneously gaining promotion to Managing Director of Honda R&D Co., Ltd. (Honda R&D). He subsequently became President and Director of Honda R&D in June 2003. Ito also took on a role in the area of manufacturing as General Manager of Honda's Suzuka Factory in April 2005.

In April 2007, Ito became Honda Motor's Chief Operating Officer of Automobile Operations and a Senior Managing Director from June of the same year.

From April 2009, he will again assume the top position of President and Director of Honda R&D, a position he will continue to hold concurrently after the successful appointment as President & CEO of Honda Motor expected in late June 2009.

Takeo Fukui has served as Honda Motor's President & CEO since assuming the position in June 2003. During the six years of Fukui's leadership, Honda was able to actively evolve its global manufacturing structure, notably the establishment of a U.S. automobile plant in Indiana and the decision to set up two manufacturing facilities - the Yorii and Ogawa plants - in Saitama, Japan.

Furthermore, Fukui enabled the company to make forays into new business areas, including the establishment of both the jet engine and aircraft businesses, and making a full-scale entry into the solar cell business with Honda's original next-generation solar cell. Also under Fukui's leadership, the company continued to demonstrate its leadership in reducing CO2 emissions through both technology and product innovations. Honda's firm commitment to reduce CO2 output on a global scale was underlined in 2006, when it announced company-wide reduction targets for CO2 emitted from its product lineups as well as from its production lines. The realization of the all-new Insight as an affordable product was an outcome of Fukui's strong guidance, based on the belief that hybrid vehicles must become accessible to more people if the technology is to contribute to reductions in CO2 output.

Fukui joined Honda as an engineer in 1969, and became a member of the project team that developed the Honda CVCC (Compound Vortex Controlled Combustion) engine. Fukui also has extensive experience in the company's motorcycle development and racing operations. In 1988, he became a member of the Honda Motor Board of Directors, subsequently assuming responsibilities as General Manager of the Suzuka Factory, President of Honda of America Mfg., Inc., President and Director of Honda R&D, and most recently, President & CEO of Honda Motor, a title he has held since June 2003.
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02-23-2009 12:40
American Honda needs a complete overhaul   (Score: 1, Normal)
iceman6
02-23-2009 13:04
Re: American Honda needs a complete overhaul   (Score: 1, Normal)
owequitit
02-23-2009 16:03
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02-23-2009 20:20
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02-23-2009 21:11
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DevilMayCry
02-23-2009 22:41
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CivicB18
02-23-2009 22:54
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NickDC5
02-23-2009 23:25
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jkangmpc
02-24-2009 14:21
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02-24-2009 14:41
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02-24-2009 03:11
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02-24-2009 03:18
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02-24-2009 13:03
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02-24-2009 08:58
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02-24-2009 11:58
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02-25-2009 01:35
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02-25-2009 03:35
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02-25-2009 08:12
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02-26-2009 17:19
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02-27-2009 13:47
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02-25-2009 10:55
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02-23-2009 13:16
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02-23-2009 14:40
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02-23-2009 16:04
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Powered by Honda
02-23-2009 16:10
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02-23-2009 16:07
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02-23-2009 16:25
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02-24-2009 09:36
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02-24-2009 10:19
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02-24-2009 13:19
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LocustClan
02-23-2009 08:45
Good news for the........ NSX????   (Score: 1, Normal)
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02-23-2009 09:14
Re: Good news for the........ NSX????   (Score: 1, Normal)
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02-23-2009 09:19
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02-23-2009 13:31
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02-23-2009 18:47
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02-23-2009 19:35
Re: Good news for the........ NSX????   (Score: 1, Normal)
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02-23-2009 22:23
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HONDA AFVM
02-24-2009 03:14
Re: Good news for the........ NSX????   (Score: 1, Normal)
owequitit
02-25-2009 13:14
Flying Buttress   (Score: 1, Normal)
TSX69
02-25-2009 21:15
Re: Flying Buttress   (Score: 1, Normal)
HONDA AFVM
02-23-2009 17:17
Re: Good news for the........ NSX????   (Score: 1, Normal)
Honda-D
02-25-2009 08:32
Re: Good news for the........ NSX????   (Score: 1, Normal)
WongKN
02-25-2009 09:39
Re: Good news for the........ NSX????   (Score: 1, Normal)
Nick GravesX
02-25-2009 15:26
Re: Good news for the........ NSX????   (Score: 1, Normal)
cforez
02-25-2009 17:55
Re: Good news for the........ NSX????   (Score: 1, Normal)
sadlerau
02-25-2009 20:21
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HONDA AFVM
02-26-2009 06:34
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02-25-2009 21:59
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WongKN
02-26-2009 06:27
Re: Good news for the........ NSX????   (Score: 1, Normal)
Nick GravesX
02-23-2009 11:35
Sayonara Fukui-san   (Score: 1, Normal)
6SPDTL
02-23-2009 17:25
Re: Sayonara Fukui-san   (Score: 1, Normal)
neuronbob
02-24-2009 10:48
Re: Sayonara Fukui-san   (Score: 1, Normal)
Nick GravesX
02-25-2009 18:48
Re: Sayonara Fukui-san   (Score: 1, Normal)
Dren
02-25-2009 22:24
Re: Sayonara Fukui-san   (Score: 1, Normal)
blackstripe77
02-23-2009 14:17
Was he voted out?   (Score: 1, Normal)
Powered by Honda
02-24-2009 20:36
Re: Was he voted out?   (Score: 1, Normal)
xcess
02-25-2009 11:35
Re: Was he voted out?   (Score: 1, Normal)
jkangmpc
02-25-2009 13:02
Re: Was he voted out?   (Score: 1, Normal)
NickDC5
02-25-2009 14:20
Re: Was he voted out?   (Score: 1, Normal)
Powered by Honda
02-25-2009 06:17
Ito admit future Honda F1 return possible   (Score: 1, Normal)
KS34
02-23-2009 07:53
Quote From Yahoo Article   (Score: 1, Normal)
TSX69
02-23-2009 08:10
Re: Quote From Yahoo Article   (Score: 1, Normal)
Dren
02-23-2009 23:57
Re: Quote From Yahoo Article   (Score: 1, Normal)
NSXman
02-24-2009 00:50
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02-24-2009 03:02
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02-24-2009 13:59
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02-24-2009 02:12
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02-24-2009 11:41
Re: Quote From Yahoo Article   (Score: 1, Normal)
RSX
02-23-2009 19:29
Remember this? Takeo Fukui, 2009 Man of the Year!   (Score: 1, Normal)
Mike Freitas
02-24-2009 03:58
Re: Remember this? Takeo Fukui, 2009 Man of the Year!   (Score: 1, Normal)
danielgr
02-24-2009 08:42
Re: Remember this? Takeo Fukui, 2009 Man of the Year!   (Score: 1, Normal)
PGH
02-24-2009 10:22
Re: Remember this? Takeo Fukui, 2009 Man of the Year!   (Score: 1, Normal)
80honda
02-23-2009 07:52
I didn't wanna say Fukui should've been fired but...   (Score: 1, Normal)
JMU R1
02-23-2009 08:48
Re: I didn't wanna say Fukui should've been fired but...   (Score: 1, Normal)
danielgr
02-23-2009 09:11
Re: I didn't wanna say Fukui should've been fired but...   (Score: 1, Normal)
JMU R1
02-23-2009 10:17
Re: I didn't wanna say Fukui should've been fired but...   (Score: 1, Normal)
NickDC5
02-23-2009 12:03
Re: I didn't wanna say Fukui should've been fired but...   (Score: 1, Normal)
silverf16
02-23-2009 12:27
Re: I didn't wanna say Fukui should've been fired but...   (Score: 1, Normal)
CarPhreakD
02-23-2009 12:40
Re: I didn't wanna say Fukui should've been fired but...   (Score: 1, Normal)
NickDC5
02-23-2009 13:14
Re: I didn't wanna say Fukui should've been fired but...   (Score: 1, Normal)
owequitit
02-23-2009 11:20
Re: I didn't wanna say Fukui should've been fired but...   (Score: 1, Normal)
brunobati
02-23-2009 13:13
Re: I didn't wanna say Fukui should've been fired but...   (Score: 1, Normal)
owequitit
02-23-2009 16:52
Re: I didn't wanna say Fukui should've been fired but...   (Score: 1, Normal)
kiwikungfu
02-24-2009 09:23
Re: I didn't wanna say Fukui should've been fired but...   (Score: 1, Normal)
JMU R1
02-23-2009 12:39
Re: I didn't wanna say Fukui should've been fired but...   (Score: 1, Normal)
fredjay
02-23-2009 12:39
Re: I didn't wanna say Fukui should've been fired but...   (Score: 1, Normal)
Smoke_Jaguar4
02-23-2009 21:18
Re: I didn't wanna say Fukui should've been fired but...   (Score: 1, Normal)
dootndo2
02-23-2009 09:28
Fukui, Ito, who cares?   (Score: 1, Normal)
King77
02-23-2009 09:53
Re: Fukui, Ito, who cares?   (Score: 1, Normal)
HONDA AFVM
02-23-2009 10:48
Re: Fukui, Ito, who cares?   (Score: 1, Normal)
danielgr
02-23-2009 17:36
Re: Fukui, Ito, who cares?   (Score: 1, Normal)
jkangmpc
02-24-2009 00:47
Re: Fukui, Ito, who cares?   (Score: 1, Normal)
HONDA AFVM
02-23-2009 17:21
Re: Fukui, Ito, who cares?   (Score: 1, Normal)
Honda-D
02-23-2009 17:50
Re: Fukui, Ito, who cares?   (Score: 1, Normal)
CarPhreakD
02-23-2009 10:13
Message below viewing threshold View   (Score: -1, On a crusade?)
cgx
02-23-2009 11:11
Re: So Fukui Long!   (Score: 1, Normal)
danielgr
02-23-2009 11:34
Re: So Fukui Long!   (Score: 1, Normal)
Power Of Dreams
02-23-2009 12:22
Re: So Fukui Long!   (Score: 1, Normal)
danielgr
02-23-2009 12:19
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cgx
02-23-2009 12:25
Re: So Long, Fukui-san!   (Score: 1, Normal)
Spearsoft
02-23-2009 12:40
Re: So Fukui Long!   (Score: 1, Normal)
fredjay
02-23-2009 13:04
Re: So Fukui Long!   (Score: 1, Normal)
PJ
02-23-2009 13:47
Message below viewing threshold View   (Score: -1, Preposterous)
cgx
02-23-2009 13:51
Re: So Fukui Long!   (Score: 1, Normal)
fredjay
02-23-2009 14:27
Re: So Fukui Long!   (Score: 1, Normal)
dootndo2
02-23-2009 15:00
Message below viewing threshold View   (Score: -1, Preposterous)
cgx
02-23-2009 16:22
Automotive News says Honda is expecting to announce profits of $1.5B for the year   (Score: 1, Normal)
JeffX
02-23-2009 17:14
Re: Automotive News says Honda is expecting to announce profits of $1.5B for the year   (Score: 1, Normal)
Honda-D
02-23-2009 17:17
Message below viewing threshold View   (Score: -1, On a crusade?)
cgx
02-23-2009 17:48
Re: Automotive News says Honda is expecting to announce profits of $1.5B for the year   (Score: 1, Normal)
CarPhreakD
02-23-2009 19:28
Re: Automotive News says Honda is expecting to announce profits of $1.5B for the year   (Score: 1, Normal)
cgx
02-23-2009 20:00
Re: Automotive News says Honda is expecting to announce profits of $1.5B for the year   (Score: 1, Normal)
CarPhreakD
02-23-2009 20:08
Re: Automotive News says Honda is expecting to announce profits of $1.5B for the year   (Score: 1, Normal)
acccord
02-23-2009 19:19
Re: So Fukui Long!   (Score: 1, Normal)
mchester
02-23-2009 14:35
Re: So Fukui Long!   (Score: 1, Normal)
Colin
02-23-2009 15:23
Re: So Fukui Long!   (Score: 1, Normal)
cgx
02-23-2009 16:02
Re: So Fukui Long!   (Score: 1, Normal)
Powered by Honda
02-23-2009 18:03
Re: So Fukui Long!   (Score: 1, Normal)
jkangmpc
02-23-2009 19:43
Re: So Fukui Long!   (Score: 1, Normal)
CarPhreakD
02-23-2009 20:05
Re: So Fukui Long!   (Score: 1, Normal)
acccord
02-23-2009 20:23
Message below viewing threshold View   (Score: -1, Inflammatory)
cgx
02-23-2009 21:25
Re: So Fukui Long!   (Score: 1, Normal)
DevilMayCry
02-23-2009 21:55
Message below viewing threshold View   (Score: -1, No Value Added)
cgx
02-23-2009 22:00
Re: So Fukui Long!   (Score: 1, Normal)
PJ
02-23-2009 19:45
Re: So Fukui Long!   (Score: 1, Normal)
owequitit
02-23-2009 17:36
Re: So Fukui Long!   (Score: 1, Normal)
CarPhreakD
02-23-2009 17:44
Re: So Fukui Long!   (Score: 1, Normal)
Honda-D
02-23-2009 09:23
Thank you for 6 strong years, Fukui-san!   (Score: 1, Normal)
kiwikungfu
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