Honda to cut board to 12 from 20; names new CFO

Newswire

TOKYO, Feb 22 (Reuters) - Honda Motor Co said on Tuesday it would slim down its board to 12 members from the current 20 at the end of June in a bid to speed up decision-making amid rising global competition. Japan's third-biggest automaker, led by Chief Executive Takanobu Ito, also said Executive Vice President Koichi Kondo would take up the vacant chairman post at the start of the new financial year on April 1. In June, eight directors, including Chief Financial Officer Yoichi Hojo, ...

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