TOKYO – Mazda Motor Corp. has appointed Masahiro Moro, a longtime veteran of its critical North American operations, to be the automaker's next CEO as it navigates a tricky transition to electrification.
Moro, 62, who was chairman of Mazda Motor of America before becoming head of the company's administrative division in 2021, will take the post in June, pending approval at the company's annual shareholders meeting.
He takes over from Akira Marumoto, 65, who has served as president and CEO since 2018. Marumoto will become a senior adviser. Kiyotaka Shobuda will remain as chairman.
Moro was promoted partly for his success at reforming the U.S. dealer network and for rebuilding the profitability of Mazda's business there, Marumoto said at a news conference on Friday.