Suzuki’s Succession Is Ongoing

Suzuki might not be selling cars on our shores anymore, but the company is still the fourth biggest Japanese automaker, behind Toyota, Nissan and Honda.

The manufacturer is very aware of the hardships that lay ahead if it wants to stay afloat. This is why Osamu Suzuki, 86, will step down from his position as CEO and let his son Toshihiro Suzuki, 56, take his place.

However, Mr. Suzuki Sr. won’t go away completely, as he will remain on the board of directors as CEO and chairman; his son will supervise day-to-day operations. The arrival of Suzuki Jr. occurs at the same time as the departure of key members of the board who are leaving to let younger people take over company's reins.