Suzuki Motor Corporation has elevated executive vice-president Toshihiro Suzuki, pictured, to the role of company president, replacing his father Osamu Suzuki, who will remain as chief executive and chairman for the time being.
Osamu Suzuki, 85, has been the brand’s absolute supremo since 1978. He had previously groomed his son-in-law Hirotaka Ono to succeed him, but Ono died of pancreatic cancer in 2007. Toshihiro, Osamu’s eldest son, became one of four executive vice-presidents in 2011.
News of the appointment, effective from 1 July, bumped up Suzuki’s share price by more than 5% on the day it was announced.Â
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