This man will lead Honda’s business in India

As the Financial year 2014 comes to a close, Japanese auto maker Honda has announced some key changes in the top management. As reported by The Economic Times, Katsushi Inoue will takeover as the president & CEO from April.

The company said, "Inoue has been associated with Honda Motor Co for over 29 years and has served as General Manager in Marketing Planning office in Japan headquarters in his last assignment."

He has worked with Honda ventures in different markets across the globe including Japan, Thailand, Malaysia, the UK, Poland and Germany.

As part of the reshuffling process, Hiroyuki Shimizu will be the new senior vice president & director, marketing & sales, in Honda Cars India (HCIL), the company's wholly-owned subsidiary.

Also, Yoshiyuki Matsumoto, managing officer, Honda Motor Co., who was the representative of development, purchasing and production in Asia and Oceania since April 2013 and was stationed in India, moves to Japan after completing his tenure, HCIL said in a statement.

"He will take over as the chief operating officer of the Automobile Operation at Honda Motor Co. He is planned to be elevated to the position of director on the Board of Directors in Honda Motor Co with the title of Senior Managing Officer and Director after approval at the General Meeting of Shareholders of the company scheduled to be held in June 2015," according to the ET.

Prior to Katsushi Inoue, Hironori Kanayama was the president & CEO of Honda. During the three years of Kanayama's leadership in India, HCIL has witnessed rapid growth in its business. Honda Amaze, Honda Mobilio and 4th generation Honda City were launched in the Indian market during this period, which subsequently helped Honda to pull itself up and slash down it losses by more than 50%.

(Image: India Times)