Honda names former R&D chief next CEO

Honda names former R&D chief next CEO

Toshihiro Mibe to replace Takahiro Machigo who plans to retire in June

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Toyko, Japan – Toshihiro Mibe, Honda’s senior managing director, will become the automaker’s president and representative director on April 1, 2021, and will become Honda’s CEO later this year.

Mibe will succeed Takahiro Hachigo who will become a director effective April 1, 2021. Following Honda’s June 2021, shareholders meeting, Hachigo will retire, leaving Mibe in control.

Mibe joined Honda in 1987 and has been primarily focused on the research & development of automobiles, particularly powertrain development. In 2019, Mibe became the president and representative director of Honda R&D Co., Ltd., and since 2020, Mibe has been concurrently serving as senior managing director of Honda Motor Co. The automaker often promotes its research chiefs into top executive positions.

During Hachigo’s six years as CEO, he formulated Honda’s 2030 Vision to enable Honda to become a company society wants to exist into the future. For the fulfilment of the company’s 2030 Vision statement – to serve people worldwide with the joy of expanding their life’s potential – Hachigo led Team Honda on a course to solidify existing businesses and prepare for future growth.

Under Hachigo’s leadership, Honda increased efficiency and strengthened its operating structure in production and product development.