Akebono Brake under reconstruction Chairman and President Nobumoto will retire at the end of next month, August 26, 18:31
The auto parts maker Akebono Brake Industry, which is under management restructuring, will retire at the end of next month, taking the responsibility of Chairman and President Hisataka Nobumoto, who has been at the top for about 30 years.
Akebono Brake Industry's management deteriorated due to a decrease in orders from American manufacturers, which were the main business partners, and received 20 billion yen from domestic investment funds and waived claims from financial institutions. We aim to resolve the rehabilitation plan in the middle of next month.
In addition, the company said that Chairman and President Nobutaka Nobumoto, who has been at the top for about 30 years since 1990, said that a temporary restructuring would require a renewal of the management team. I announced that I will retire after the general meeting.
The company believes that Mr. Nobumoto's retirement is responsible for business deterioration.
The new president is expected to be Yasuhiro Miyachi, who served as a board member at Bosch, a major auto parts manufacturer in Germany, and Nidec, a major electronic component manufacturer.