Osamu Suzuki steps down after more than four decades at Suzuki’s helm

The end of an era for the automaker
by Leandre Grecia | Feb 26, 2021
PHOTO: Suzuki
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After celebrating its 100th year in business in 2020, Suzuki Motor Corporation will be undergoing a big change to kick off 2021: Chairman Osamu Suzuki will be retiring after more than 40 years of leading the automaker.

The company says that the 91-year-old Suzuki will be appointed as a senior advisor upon his retirement. His post, however, will remain vacant until a new chairman is appointed later this year.

“I played golf 47 times last year and I am in good shape. Please don’t worry,” Suzuki reportedly said, addressing various concerns over his health.

According to a report by The Japan Times, Suzuki joined the company in 1958 when he married the daughter of then-president Shunzo Suzuki and took his wife’s family name. Since 1978, he has served as president, chairman, or CEO of Suzuki Motor Corporation. 

Throughout his tenure, Suzuki helped the company expand into other markets, eventually paving the way for its dominance in India. Today, it is now the fourth-biggest automaker in Japan, as mentioned in a separate report by Reuters.

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The outgoing chairman will be leaving his son, company president and CEO Toshihiro Suzuki, at the helm. The carmaker mentioned in its recently unveiled mid-term management plan that it wants to exert more efforts toward its electrification initiatives while maintaining its foothold in the kei- and compact car segments.

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It’s the end of an era, to say the least. Your thoughts, readers? The comments section is open.

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PHOTO: Suzuki
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