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Shake-Up at Takata – But Supplier Still Resisting All-in Recall

President steps aside; chairman takes over. Execs take pay cuts

by on Dec.24, 2014

More turmoil at Takata.

Embattled Japanese airbag supplier Takata is shaking up its top management team – even as top managers take pay cuts of as much as 50%.

But the company is so far maintaining its position that there is no need to expand the recall of airbags linked to a potentially deadly problem that can result in the devices spewing shrapnel into the passenger compartment after a crash.

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As part of the shake-up, Takata Corp. President Stefan Stocker will step aside, his duties being assumed by Chairman Shigehisa Takada, heir to the founders of the company. Stocker will remain a member of the Takata board.

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