Mazda to appoint Masahiro Moro as next CEO

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Mazda will appoint 40-year company veteran Masahiro Moro as its new president and CEO, the Japanese carmaker said on Friday, as it ramps up spending to electrify its vehicles and considers investing in battery production.

Moro, 62, a director and senior managing executive officer, previously served as the head of Mazda's North America operations. He will officially take over pending the approval of the shareholders and board in June, the company said.

The leadership shake-up comes as the company, which is 5.1%-owned by automotive giant Toyota, laid out a“Our business in the US is growing strongly,” Moro said during a news conference in Mazda's home base of Hiroshima, as he pledged to work out the carmaker's mid-term strategy in detail. Mazda also nominated Jeff Guyton, 56, senior managing executive officer and North America head, as CFO and assistant to the president pending the June approval of the shareholders and board.

 

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