Honda Chairman Exiting as Shares Lag Amid Quality Woes: ChartBy
Fumihiko Ike, chairman of Honda Motor Co., will retire in June as part of a management shakeup at Japan’s third-largest automaker amid internal quality woes and a safety crisis at top supplier Takata Corp. Honda shares dropped 18 percent during Ike’s tenure as chairman, which begin in April 2013, compared with gains of 23 percent by rival Toyota Motor Corp. and 11 percent in Bloomberg Intelligence’s index of global automotive peers. Ike, 63, was previously chief financial officer. He joined Honda in 1982 and is chairman of the Japan Automobile Manufacturers Association.
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