The head of Suzuki to resign because of the scandal of fuel

CEO Suzuki Motor Osama Suzuki had decided to leave his post in connection with the fuel scandal that erupted in May 2016. It is reported that with him will leave the company and the current Vice-President Osamu Honda, which is in charge of all technological processes and be held responsible for the situation. The resignation of top managers must be approved at the annual shareholders’ meeting to be held on June 29, 2016. Interestingly, the 86-year-old Osama Suzuki, who is the sole heir to brand the Suzuki, do not leave the company completely and retain the post of chairman of the board of directors. At the shareholders’ meeting also plan to significantly reduce the size of the “golden parachutes”, ie cash compensation paid to employees for dismissal.


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