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MAY 10, 2013 - Yahoo! News

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Airbag maker Takata names first foreign president

TOKYO (Reuters) - Japan's Takata Corp , reeling from a massive airbag recall, said on Friday it will replace its president with Swiss national Stefan Stocker, the first foreigner in the post. Stocker, a corporate officer who was president of auto parts maker Bosch's Japanese operations from 2002 to 2009, will take over from founding family member Shigehisa Takada, who will become chairman and chief executive officer. The leadership change comes as major Japanese and German carmakers, including Toyota Motor Corp , Honda Motor Co and BMW , recall some 3. ...

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