Honda names first foreigner, female to top management

TOKYO Mon Feb 24, 2014 1:42pm IST

Workers stand under the logo of Honda Motor Co. outside the company's headquarters in Tokyo October 30, 2013. REUTERS/Issei Kato/Files

Workers stand under the logo of Honda Motor Co. outside the company's headquarters in Tokyo October 30, 2013.

Credit: Reuters/Issei Kato/Files

Stocks

   

TOKYO (Reuters) - Honda Motor Co (7267.T) named the first foreigner and first female to its all-Japanese, all-male roster of board members and operating officers on Monday, helping it catch up with rival Japanese carmakers in diversifying its executive ranks.

Japan's third-biggest car maker named Issao Mizoguchi, a Brazilian of Japanese descent and senior vice president at Honda South America, as one of its 23 operating officers.

Honda also appointed Hideko Kunii, a professor at Shibaura Institute of Technology, to its 13-member board of directors. She will be one of two directors on the board who do not hold an executive post in the company.

Big Japanese companies are under pressure to diversify their top management to bolster governance, risk management and global perspective, having traditionally chosen board members and senior officers from male managers who spent their careers at the company.

Honda, the first Japanese car maker to start assembling cars in the United States in 1982, sells about 80 percent of its vehicles overseas.

But it has trailed rivals Toyota Motor Corp (7203.T) and Nissan Motor Co (7201.T) in bringing both foreigners and women into the upper echelons of its Japan headquarters.

In Japan, about 7 percent of Honda's employees and 0.7 percent of its managers are female, according to the gender equality bureau of Japan's Cabinet Office. Japanese Prime Minister Shinzo Abe last year called on all listed companies to have at least one woman among their senior executives.

Monday's appointments of operating officers will be effective April 1, while new board members will take their posts following shareholder approval at an annual meeting in June.

(Reporting by Yoko Kubota and Maki Shiraki; Editing by Edmund Klamann and Miral Fahmy)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Public Health

REUTERS SHOWCASE

Airtel Profit Jumps

Airtel Profit Jumps

Bharti Q2 net profit more than doubles   Full Article 

Maruti Earnings

Maruti Earnings

Maruti Suzuki net profit up 29 percent, beats estimates.  Full Article 

ICICI Results

ICICI Results

ICICI Bank Q2 profit up 15 percent, beats estimates.  Full Article 

Cost Cutting

Cost Cutting

PM Narendra Modi boots officials out of the first class cabin  Full Article 

Market at Record

Market at Record

Sensex, Nifty hit record highs; reforms outpace hawkish Fed.  Full Article 

Moody's on India

Moody's on India

Moody's welcomes India's policy steps, but wants to see more.  Full Article 

End Of QE

End Of QE

U.S. Fed ends bond buying, exhibits confidence in U.S. recovery.  Full Article 

Samsung Results

Samsung Results

Smartphone woes drag Samsung Elec Q3 profit to more than 3-year low.  Full Article 

Refining Margins

Refining Margins

BPCL aims to double refining margins with refinery expansion.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage