Now that Mazda is back in the black turning its first profit in five years, the automaker has appointed Masamichi Kogai to succeed current CEO Takashi Yamanouchi.
The promotion will go into effect pending the approval of the automaker’s June 25 annual shareholders’ meeting. Kogai, a production and purchasing specialist at Mazda, has played a big role in reshaping Mazda to be a more efficient automaker. Yamanouchi will retain his title of chairman.
Kogai, 58, joined Mazda in 1977 and has spent the majority of his career in R&D, logistics, cost improvement, and information technology. He became the head of production and purchasing in 2011 and helped navigate Mazda through rough times after the earthquake in Japan.
Yamanouchi on the other hand, took over the CEO position in 2008 and was the first Japanese president of an independent Mazda, free of Ford’s controlling stake. He spearheaded the Japanese automaker’s SkyActiv line of vehicles and was able to deliver a global net profit of $364.3 million after four years of losses.
[Source: Automotive News]
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