Tuesday, July 17, 2018
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Takata Says President Stepping Down to Streamline Air Bag Recall Response

By Clip Syndicate
Takata Corp , the air bag maker embroiled in millions of recalls worldwide, said its president Stefan Stocker would step down and its chairman would assume the role to unify the company's response to the crisis. Stocker, who joined Takata last year, will remain with the company as a board member. Shigehisa Takada, the grandson of the company founder, will become president. The company also said that Takada will take a 50 percent pay cut for four months.

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