Osamu Suzuki

SMC also said its board has proposed the appointment of Toshihiro Suzuki -- current director and President, and son of Osamu Suzuki -- as the Chairman of the Board of Directors

The corporate management direction toward 2030 and 2050 was defined. Therefore, with the expiration of the current term of office, Suzuki will retire, says the automaker

The firm's chairman, Osamu Suzuki, is retiring, the Nikkei newspaper reported on Wednesday

Osamu Suzuki will however continue to be a member of the board of directors of Maruti Suzuki; executive VP Osamu Honda to retire