Business

Suzuki president resigns after 40 years in office

The company said on Wednesday that Suzuki Chairman Osamu Suzuki will retire after more than four decades at the helm of the Japanese automaker.

She added that the 91-year-old, who has married into the company’s founding family, will leave the position after a shareholder meeting in June and become an advisor.

After becoming president of the company in 1978, Suzuki expanded the carmaker’s business in India, achieving tremendous success, and steadily increasing its share of the small car market in Japan.

He became chairman in 2000 and his eldest son Toshihiro Suzuki took over as chairman in 2015.

The automaker, once associated with General Motors and Volkswagen, forged a major alliance with Toyota in 2019.

No one will replace him for now, while Toshihiro Suzuki will remain in the presidency.

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