Tokyo: Suzuki Motor Corp. Chairman Osamu Suzuki ceded the role of chief executive officer and one of his top deputies will resign after the automaker admitted to using unapproved fuel-economy testing methods in Japan.
The 86-year-old Suzuki will decline the position of CEO and Executive Vice-President Osamu Honda, 66, will step down as of the company’s June 29 shareholders’ meeting, according to a statement. Directors will fully waive their bonuses for 2015, while senior managing officers and managing officers will see theirs cut in half.