Honda CEO apologises for company’s loss, wins investor backing at annual meeting - Regional Media News
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3 Articles
Honda CEO apologises for company’s loss, wins investor backing at annual meeting - Regional Media News
TOKYO, June 26 (Reuters) - Honda Motor Chief Executive Toshihiro Mibe secured support for his reappointment to the Japanese automaker's board at its annual meeting on Friday after apologising to shareholders for the company's poor financial performance. Honda is seeking to recover from costly strategic missteps after posting its first annual loss in seven decades last month, hurt by more than $9 billion in restructuring costs for its electric-ve…
Honda Motor Co. Chief Executive Officer Toshihiro Mibe retained shareholder support at an annual meeting on Friday and will continue to serve on the company's board. Before the vote, the automaker's chief apologized to attendees for its recent poor financial performance.
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