Honda Motor Co., Ltd. announced that at a meeting of the company's Board of Directors held 20 February 2021, Toshihiro Mibe, currently the company's Senior Managing Director, was named the next President, effective April 1, 2021. Mibe will succeed Takahiro Hachigo, the current President and Representative Director, who will become a Director, effective April 1, 2021. Mibe is scheduled to become Director, President with the resolution of the Ordinary General Meeting of Shareholders scheduled to be held in June 2021, at which time Hachigo will retire from the company.