Suzuki Motor chairman Osamu Suzuki to retire, become senior adviser

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

Suzuki Motor Corp said on Wednesday that its 91-year old chairman, Osamu Suzuki, is retiring in June.

Suzuki, who served as the Japanese carmaker’s chief executive for 22 years and then as chairman for another two decades, will step down from his current role following a shareholders meeting in June, the company said in a statement Wednesday. 

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

The chairman will be appointed as senior adviser upon retirement, it said.

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