Stefan Stocker will be the new Takata president, replacing Shigehisa Takada

Article by Christian A., on May 13, 2013

Takata Corp will have a foreigner as its president for the first time ever after having been embroiled in an immense airbag recall. Swiss national Stefan Stocker will replace founding family member Shigehisa Takada, who will serve as the chairman and chief executive officer. Stocker is a corporate officer who has served as the president of Bosch's operations in Japan from 2002 to 2009. The change in Takata’s leadership takes place as major Japanese and German carmakers (which include Toyota Motor Corp, Honda Motor Co and BMW) have recalled about 3.6 million units around the globe because of defective airbags that Takata has supplied.

Takata is the No. 2 largest manufacturer of seatbelts and airbags. Stoker, who was named as the corporate officer of Takata in February, will take on the posts of president and chief operating officer on June 26 after the annual general shareholders' meeting and a board meeting. Takata's Chief Financial Officer Yoichiro Nomura denies that the recall had anything to do with the change in leadership. Nomura said that Stocker has been working with the company as an advisor for over a year. Last Friday, Takata reported a net loss of 21.1 billion yen ($212.5 million), its largest ever loss, for the financial year that ended in March compared to its net profit of 11.9 billion yen during the prior year. It had posted a loss of 30 billion yen because of costs related to the recall.

Topics: takata

If you liked the article, share on:

Comments

Recommended

Automobili Lamborghini’s preparations for the production of its first ever sports utility vehicle, the new Lamborghini Urus, has reached new grounds as the Italian carmaker is disclosing plans to construct...
by - May 26, 2017
The upscale version of the GMC Yukon body-on-frame sport utility vehicle – the GMC Yukon Denali – has been refreshed for the 2018 model year. It now sports a new...
by - May 26, 2017
The largest gathering of Volkswagen and Audi cars in Europe is underway, and the German premium carmaker is displaying the third model of its G-Tron range at the 2017 Worthersee...
by - May 26, 2017
Have you been wondering how much you have to produce to acquire a 2018 Mercedes-Benz S-Class Facelift? Wonder no more, as Mercedes-Benz has already divulged the pricing – at least...
by - May 26, 2017
Following the M3’s new facelift earlier this year, BMW is once again bringing something fresh to the table. In its newest offering, a cheaper version of the high performance sedan...
by - May 26, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries