Osamu Suzuki, the 81-year-old patriarch of Suzuki Motor Corp., announced his appointment of a four-person board that will share some of his management chores. This is part of an upper management shakeup that will take effect on April 1. Suzuki, who serves as the chairman, CEO and COO, chose this panel himself.
Its purpose is for decision-making to be faster and more efficient but it may also lead to a succession plan amid worries that he wasn’t cultivating executives to succeed him.
A Suzuki spokesman said that the responsibility that Suzuki carries is “just too much for one person.” He cited that in recent years, the challenges include the worldwide economic downturn, the stronger yen, and the disruption in the supply chain after the earthquake in Japan.
Toshihiro Suzuki, the eldest son of Suzuki, leads the new board. He is also the head of overseas sales. The other members of the panel are Osamu Honda, who heads automotive r&d; Minoru Tamura, the head of domestic sales; and Yasuhito Harayama, the head of business development.
While making the announcement, Suzuki said that the firm has grown and a single person won’t be able to manage the organization on his own. Suzuki has also appointed a new management team for its U.S. operations.