Daihatsu’s president and chairman are both getting the boot as part of a desperate attempt by parent company Toyota to save the smaller firm’s reputation and limit any negative publicity for Toyota itself. The reorganization at the top comes after it was discovered that the company faked collision data, putting the safety of thousands of drivers at risk.
Both the current president, Soichiro Okudaira, who had worked for Toyota for almost 40 years before getting the Daihatsu gig in 2017, and chairman Sunao Matsubayashi, have agreed to resign as part of the shakeup. Matsubayashi won’t be replaced, Toyota says, while Okudaira’s seat will be taken by Masahiro Inoue, currently boss of firm’s Latin America and Caribbean operations.
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