The crisis airbag causes the departure of the head of the Japanese Takata – Les Echos

The crisis airbag causes the departure of the head of the Japanese Takata – Les Echos

The little son of the founder of the group will replace the Swiss Stefan Docker president. Remuneration of five officials will decrease

.

Article (s) associated (s)

The crisis is now managed as a family. Takata, the second largest manufacturer of airbags, will change direction to face its crisis for several months following the millions of recalls of its defective airbags. On Wednesday, the Japanese automotive supplier announced the resignation of its president in charge of operations, the Swiss Stefan Docker.

Named there eighteen months to cope with the increasing number of reminders, the former director of the Japanese branch of Bosch was the first foreigner to head the group. He will be replaced by Shigehisa Takada, the current CEO and grand-son of the founder, to “ better centralize the response ” to the crisis and “ accelerate decision making “. Shigehisa Takada control group with her mother through a family holding.

Complaints in the US

The equipment, which owns 20% of global airbag market, also promises to reduce payments of five leaders for four months. That of Shigehisa Takada will decrease by 50% – it was 278 million yen last year (1.9 million euros), according Bloomberg-, that of Stefan Docker, who remains a member of the Board, 30% and that of three other officials of 20%.

This revival of the family might be misunderstood while Takata airbags have been implicated in the deaths of five people and injuries to hundreds of other, triggering the recall of more than 20 million vehicles since 2008, the vast majority of the Honda brand, its largest customer ,. In case the gas propelling device, a mixture of ammonium nitrate that had made the reputation of the group. Exposed to moisture, it could cause an explosion of the most powerful airbags than expected, casting metal components in the cockpit. Accused of having hidden the problem for years, Takata is the subject of a criminal investigation, a number of complaints in the United States.

While its share plunged 56% to the Tokyo Stock Exchange this year, it expects a loss of 25 billion yen ($ 170 million) for its fiscal year ended in March, having already suffered a loss of over 21 billion yen in 2013. The group has funded 47 billion yen ($ 323 million) to deal with reminders.