Suzuki Fuel Economy Foibles Claims Boardroom Scalps – Including 38-Year CEO

Suzuki’s declaration last month that it had manipulated fuel economy readings for some models has seen two board members resign and the remainder face cuts to pay and bonuses.

Of the two resignations, one is none other than Osamu Suzuki, who has served as CEO of the company since 1978.

It was Mr Suzuki who apologised last month on behalf of the carmaker for the debacle, but added that the ‘real’ economy figures weren’t too far removed from those that had been stated.

The second scalp is Executive Vice President Osamu Honda, who will retire at the end of this month. No replacements for Mr Suzuki or Mr Honda have been announced at this stage.

Other board members have indicated that they will accept pay reductions for the next few months, while also agreeing to forgo bonus payments.

Japan