Subaru CEO Yasuyuki Yoshinaga is expected to vacate his role as president to become chairman, a Nikkei report Wednesday says.
UPDATED: 2/28/18 6:25 pm ET – adds Subaru statement
Subaru Corp. is shuffling executive roles ahead of time in the aftermath of a safety inspection scandal it was embroiled in, Nikkei reported on Wednesday.
Tomomi Nakamura, a corporate executive vice president, will take over as Subaru’s president after the company’s shareholder meeting in June and CEO Yasuyuki Yoshinaga will vacate his role as president to become chairman, the report said.
Three of the six internal board members will also step down, including incumbent Chairman Jun Kondo, Nikkei said.
However, Subaru said in a statement that nothing had been decided yet.
The Japanese automaker had earlier vowed to reinvent itself by improving oversight of its final inspections after it revealed in October that uncertified staff had carried out tests of new cars for the domestic market for decades.
The revelation described final inspections of new vehicles that occurred at the company’s main Gunma manufacturing complex north of Tokyo in violation of transport ministry guidelines and eventually led to the recall of 395,000 vehicles.
In December, Subaru shares fell to their lowest since July 2016 after the company said it was also investigating whether mileage readings may have been falsified during final checks.