Honda Motor Co., Ltd. (the “Company”) hereby announced that the Board of Directors meeting held on February 21, 2017, has decided on changes in its Operating Officers as of April 1, 2017. Also, the Company resolved to transition from a company with a board of corporate auditors to a company with an audit and supervisory committee. The changes in its Directors as of June 2017 are subject to approval at the Ordinary General Meeting of Shareholders of the Company scheduled to be held in June 2017 and/or decision at the meeting of the Board of Directors to be held immediately thereafter.
Particulars:
1. Planned Changes in Operating Officers
As of April 1, 2017
Operating Officers to be Newly Appointed
| Name | Current Title | New Title |
| Katsuhisa Okuda | General Manager, Business Administration Office, Power Product Operations |
Operating Officer |
| Katsuhide Moriyama | General Manager, Marketing Planning Office, Automobile Operations |
Operating Officer |
2. Transition to a Company with an Audit and Supervisory Committee
As of Ordinary General Meeting of Shareholders to be held in June 2017
(1)Purpose of the Transition
Based on our Fundamental Beliefs, Honda strives to enhance corporate governance in order to further strengthen the trust of our shareholders/investors, customers and society; seek sustainable growth and the enhancement of corporate value over the medium to long term; and in order that we become “a company that society wants to exist.” As such, corporate governance is one of the most important management issues.
In order to further strengthen the supervisory function of the Board of Directors and enable faster decision-making, the Company decided to transition to a company with an audit and supervisory committee that allows increased segregation between the supervisory function and the execution of duties and further delegation of executive authority to directors from the board of directors.
(2)Transition Schedule
The Company plans to transition to a company with an audit and supervisory committee after gaining approval for requisite amendments to the Articles of Incorporation at the Ordinary General Meeting of Shareholders, scheduled for June 2017.
3. Planned Changes in Directors
As of Ordinary General Meeting of Shareholders to be held in June 2017
With the transition to a company with an audit and supervisory committee, new Directors are nominated as below.
Candidates for Directors to be Newly Appointed
(Excluding Directors who are Audit and Supervisory Committee Members)
| Name | Current Title | New Title |
| Toshiaki Mikoshiba | Senior Managing Officer | Senior Managing Director |
Candidates for Directors, Audit and Supervisory Committee Members to be Newly Appointed
| Name | Current Title | New Title |
| Masahiro Yoshida | Corporate Auditor | Director (Audit and Supervisory Committee Member) |
| Masafumi Suzuki | General Manager, Accounting Division, Business Management Operations | Director (Audit and Supervisory Committee Member) |
| Toshiaki Hiwatari | Corporate Auditor | Director (Audit and Supervisory Committee Member) |
| Hideo Takaura | Corporate Auditor | Director (Audit and Supervisory Committee Member) |
| Mayumi Tamura | Corporate Auditor | Director (Audit and Supervisory Committee Member) |
Mr. Toshiaki Hiwatari, Mr. Hideo Takaura, and Ms. Mayumi Tamura are the candidates for the External Directors defined under the provision of the Ordinance for Enforcement of the Companies Act.
Mr. Masafumi Suzuki will be in his current position until March 31, 2017.
Directors to Retire
| Name | Current Title | New Title |
| Takashi Sekiguchi | Managing Officer and Director | Managing Officer |
| Shinji Aoyama | Operating Officer and Director | Operating Officer |
| Noriya Kaihara | Operating Officer and Director | Operating Officer |
| Kazuhiro Odaka | Operating Officer and Director | Operating Officer |
| Masayuki Igarashi | Operating Officer and Director | Operating Officer |
4. Planned Changes in Corporate Auditors
As of Ordinary General Meeting of Shareholders to be held in June 2017
Corporate Auditors to Retire
| Name | Current Title |
| Masahiro Yoshida | Corporate Auditor |
| Kunio Endo | Corporate Auditor |
| Toshiaki Hiwatari | Corporate Auditor |
| Hideo Takaura | Corporate Auditor |
| Mayumi Tamura | Corporate Auditor |
Mr. Masahiro Yoshida, Mr. Toshiaki Hiwatari, Mr. Hideo Takaura, and Ms. Mayumi Tamura are the candidates (as mentioned above) to be newly appointed Directors, Audit and Supervisory Committee Members, subject to approval at the Ordinary General Meeting of Shareholders scheduled to be held in June 2017.
5. Planned Changes in Directors
As of Ordinary General Meeting of Shareholders to be held in June 2017
Operating Officers to Retire
| Name | Current Title | New Title |
| Takahiro Hachigo | President, Chief Executive Officer and Representative Director | President and Representative Director |
| Seiji Kuraishi | Executive Vice President, Executive Officer and Representative Director | Executive Vice President and Representative Director |
| Yoshiyuki Matsumoto | Senior Managing Officer and Director | Senior Managing Director |
| Toshiaki Mikoshiba | Senior Managing Officer | Senior Managing Director |
| Yoshi Yamane | Senior Managing Officer and Director | Senior Managing Director |
| Kohei Takeuchi | Senior Managing Officer and Director | Senior Managing Director |
Mr. Toshiaki Mikoshiba is the candidate (as mentioned above) to be a newly appointed Director (excluding Directors who are Audit and Supervisory Committee Members), subject to approval at the Ordinary General Meeting of Shareholders scheduled to be held in June 2017.
1. Directors and Corporate Auditors
| Name | As of April 1, 2017 | As of June 2017 (Ordinary General Meeting of Shareholders) |
| Takahiro Hachigo | President, Chief Executive Officer and Representative Director Chief Executive Officer |
President and Representative DirectorChief Executive Officer |
| Seiji Kuraishi | Executive Vice President, Executive Officer and Representative Director Chief Operating Officer In charge of Strategy, Business Operations and Regional Operations |
Executive Vice President and Representative DirectorChief Operating Officer In charge of Strategy, Business Operations and Regional Operations |
| Yoshiyuki Matsumoto | Senior Managing Officer and Director In charge of Research Development (Research & Development, Intellectual Property and Standardization) |
Senior Managing DirectorIn charge of Research & Development (Research & Development, Intellectual Property and Standardization) |
| Toshiaki Mikoshiba | Senior Managing Officer In charge of Sales and Marketing |
Senior Managing Director*1 In charge of Sales and Marketing |
| Yoshi Yamane | Senior Managing Officer and Director In charge of Production (Production, Purchasing, Quality, Parts and Service) |
Senior Managing DirectorIn charge of Production (Production, Purchasing, Quality, Parts and Service) |
| Kohei Takeuchi | Senior Managing Officer and Director Chief Financial Officer (Finance, Accounting, Human Resources, Corporate Governance and IT) |
Senior Managing DirectorChief Financial Officer (Finance, Accounting, Human Resources, Corporate Governance and IT) |
| Hideko Kunii | Director*2 | Director*2 |
| Motoki Ozaki | Director*2 | Director*2 |
| Takanobu Ito | Director and Advisor | Director and Advisor |
| Masahiro Yoshida | Corporate Auditor | Director (Audit and Supervisory Committee Member)*1 |
| Kunio Endo | Corporate Auditor | – |
| Masafumi Suzuki | (General Manager, Accounting Division, Business Management Operations)*4 | Director (Audit and Supervisory Committee Member)*1 |
| Toshiaki Hiwatari | Corporate Auditor*3 | Director*2 (Audit and Supervisory Committee Member)*1 |
| Hideo Takaura | Corporate Auditor*3 | Director*2 (Audit and Supervisory Committee Member)*1 |
| Mayumi Tamura | Corporate Auditor*3 | Director*2 (Audit and Supervisory Committee Member)*1 |
- *1To be newly appointed
- *2External Directors
- *3External Corporate Auditors
- *4Mr. Masafumi Suzuki remains in his current position until March 31, 2017
2. Operating Officers
| Name | As of April 1, 2017 | As of June 2017 (Ordinary General Meeting of Shareholders) |
| Toshihiko Nonaka | Managing Officer | Managing Officer |
| Takashi Sekiguchi | Managing Officer and Director | Managing Officer |
| Soichiro Takizawa | Managing Officer | Managing Officer |
| Michimasa Fujino | Managing Officer | Managing Officer |
| Naoto Matsui | Operating Officer | Operating Officer |
| Mitsugu Matsukawa | Operating Officer | Operating Officer |
| Shinji Aoyama | Operating Officer and Director | Operating Officer |
| Noriya Kaihara | Operating Officer and Director | Operating Officer |
| Tetsuo Suzuki | Operating Officer | Operating Officer |
| Issao Mizoguchi | Operating Officer | Operating Officer |
| Toshihiro Mibe | Operating Officer | Operating Officer |
| Yusuke Hori | Operating Officer | Operating Officer |
| Tomomi Kosaka | Operating Officer | Operating Officer |
| Noriaki Abe | Operating Officer | Operating Officer |
| Toshiyuki Shimabara | Operating Officer | Operating Officer |
| Yasuhide Mizuno | Operating Officer | Operating Officer |
| Kazuhiro Odaka | Operating Officer and Director | Operating Officer |
| Masayuki Igarashi | Operating Officer and Director | Operating Officer |
| Hiroyuki Kachi | Operating Officer | Operating Officer |
| Soichi Yamamoto | Operating Officer | Operating Officer |
| Katsushi Inoue | Operating Officer | Operating Officer |
| Kimiyoshi Teratani | Operating Officer | Operating Officer |
| Asako Suzuki | Operating Officer | Operating Officer |
| Katsuhisa Okuda | Operating Officer | Operating Officer |
| Katsuhide Moriyama | Operating Officer | Operating Officer |
