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HMC Honda Motor Co Ltd

34.50
0.68 (2.01%)
03 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Honda Motor Co Ltd NYSE:HMC NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.68 2.01% 34.50 34.46 34.12 34.25 666,802 01:00:00

Honda to Appoint First Foreign Board Member

24/02/2014 3:40am

Dow Jones News


Honda Motor (NYSE:HMC)
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TOKYO-- Honda Motor Co. will announce Monday the appointment of its first foreign board member as it looks to enhance its responsiveness to global markets, a person familiar with the matter said.

The current 13 board members of Japan's third-largest car maker by volume are all Japanese despite Honda's reliance on its business abroad. Overseas markets account for more than 80% of the company's global auto sales.

Honda is the only one of Japan's top three auto makers not to have a foreign board member.

Toyota Motor Corp., the world's largest car maker by volume, last year named Mark Hogan, a former General Motors Co. executive, as an outside director.

Nissan Motor Co., Japan's second-largest auto maker, has been led by Chief Executive Carlos Ghosn for more than a decade.

The move comes as Honda looks to boost more aggressively it business abroad as demand sharply increases in emerging economies.

Write to Yoshio Takahashi at yoshio.takahashi@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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