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Honda Appoints Japan R&D Chief Toshihiro Mibe as New CEO

  • Mibe with R&D background likely to accelerate electrification
  • Honda aims to electrify two third of global car sales by 2030
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Honda Motor Co. is promoting its current head of research and development Toshihiro Mibe to chief executive, the latest in a number of bold moves the automaker is taking to step beyond its more than half-a-century-long reliance on selling gasoline-powered cars.

Mibe, 59, will assume the president role effective April 1, the company said in a statement Friday. Honda’s current CEO Takahiro Hachigo, who helmed the firm for six years, will become a director as of that date and then retire from the company at its general meeting in June.