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Honda Motor Co., Ltd. is one of the world’s leading manufacturers of automobiles, motorcycles, power products, and other products. The company has a global presence and a reputation for innovation, quality, and reliability. But who is the person behind the success of Honda? Who is the CEO of Honda and what is his background, salary, net worth, education, earning career, and personal life? In this article, we will answer these questions and more about Toshihiro Mibe, the current president and CEO of Honda.
Who is Toshihiro Mibe?
Toshihiro Mibe is the president and CEO of Honda Motor Co., Ltd. since April 1, 2021. He is also the representative executive officer and director of the company. He succeeded Takahiro Hachigo, who retired after six years as the CEO of Honda.
Mibe joined Honda in 1987 as an engineer in the research and development (R&D) center. He worked on various projects related to engine development, fuel economy, and emissions control. He became the president and CEO of Honda R&D Co., Ltd. in 2019, where he oversaw the research and development of all Honda products, including automobiles, motorcycles, power products, aircraft, and robotics. He also led the company’s efforts to accelerate the electrification and digitalization of its products and services.
Mibe is known for his passion for technology and innovation, as well as his vision for the future of mobility. He has been involved in the development of Honda’s advanced technologies, such as the HondaJet, the Honda e electric vehicle, the Honda Sensing safety system, and the Honda CONNECT telematics system. He has also been promoting the concept of “Honda e:TECHNOLOGY”, which represents Honda’s original high-efficiency electrification technologies and products.
Mibe is also responsible for managing all of Honda’s supplier and customer relations, as well as its corporate brand and governance. He aims to enhance Honda’s competitiveness and profitability, while also fulfilling its social and environmental responsibilities. He believes that Honda’s mission is to serve people worldwide with the joy of expanding their life’s potential.
Honda motor president and CEO Toshihiro Mibe’s salary
As the president and CEO of Honda, Mibe receives a generous compensation package that reflects his position and performance. According to the latest financial report of Honda, Mibe’s annual salary for the fiscal year 2023 was 150 million yen (approximately 1.36 million USD). This includes his base salary, bonuses, and stock options. He also received 1,000 Honda shares as part of his compensation.
Mibe’s salary is relatively lower than some of his peers in the automotive industry. For comparison, the CEO of Toyota, Akio Toyoda, earned 416 million yen (approximately 3.77 million USD) in the same fiscal year, while the CEO of Nissan, Makoto Uchida, earned 202 million yen (approximately 1.83 million USD).
However, Mibe’s salary is still higher than the average salary of Honda employees, which was 9.7 million yen (approximately 88,000 USD) in the fiscal year 2023. Mibe’s salary is also higher than the average salary of CEOs in Japan, which was 22.6 million yen (approximately 205,000 USD) in 2020, according to a survey by Teikoku Databank.
Toshihiro Mibe’s net worth
As of 2023, Toshihiro Mibe’s net worth was estimated to range between 10-20 million USD. He reportedly makes 2-5 million USD as annual compensation. He also owns 1,000 Honda shares, which are worth about 3,000 USD as of September 2023. Mibe’s net worth is relatively lower than some of the richest CEOs in the world, such as Elon Musk, Jeff Bezos, and Mark Zuckerberg, who have net worths of billions of dollars.
However, Mibe’s net worth is still impressive, considering that he started his career as an engineer and worked his way up to the top position of Honda. He has also been leading Honda’s growth and innovation, which have increased the value of the company and its products. Honda’s market capitalization as of September 2023 was about 50 billion USD, making it one of the largest and most valuable automakers in the world.
Toshihiro Mibe’s education
Toshihiro Mibe has a strong educational background in engineering and technology. He graduated from Kyoto University in 1987 with a bachelor’s degree in engineering. Kyoto University is one of the most prestigious and oldest universities in Japan, known for its excellence in research and education. It has produced many notable alumni, including Nobel laureates, prime ministers, and business leaders.
Mibe also holds a master’s degree in engineering from Waseda University, which he obtained in 1991. Waseda University is another renowned university in Japan, with a history of over 140 years. It is famous for its liberal arts and social sciences programs, as well as its internationalization and diversity. It has also produced many influential alumni, such as politicians, writers, and artists.
Mibe has also received honorary doctorates from two universities in recognition of his achievements and contributions to the automotive industry and society. He received an honorary doctorate of engineering from Chulalongkorn University in Thailand in 2019, and an honorary doctorate of science from the University of Warwick in the United Kingdom in 2020.
Toshihiro Mibe’s earning career
Toshihiro Mibe has had a long and successful earning career at Honda, spanning over three decades. He joined Honda in 1987 as an engineer in the R&D center, where he worked on various projects related to engine development, fuel economy, and emissions control. He was involved in the development of Honda’s VTEC (Variable Valve Timing and Lift Electronic Control) system, which improved the performance and efficiency of Honda engines.
He was promoted to several managerial positions in the R&D center, such as the chief engineer of the automobile engine development division, the general manager of the automobile powertrain development division, and the operating officer of the automobile operations. He was also appointed as the president of Honda R&D Asia Pacific Co., Ltd. in 2014, where he oversaw the R&D activities of Honda in the Asia-Pacific region.
He became the president and CEO of Honda R&D Co., Ltd. in 2019, where he led the research and development of all Honda products, including automobiles, motorcycles, power products, aircraft, and robotics. He also accelerated the electrification and digitalization of Honda’s products and services, and introduced the concept of “Honda e:TECHNOLOGY”.
He became the president and CEO of Honda Motor Co., Ltd. in 2021, succeeding Takahiro Hachigo. He is also the representative executive officer and director of the company. He is responsible for managing all of Honda’s business operations, as well as its corporate brand and governance. He aims to enhance Honda’s competitiveness and profitability, while also fulfilling its social and environmental responsibilities.
Toshihiro Mibe’s personal life
Toshihiro Mibe is a private person who does not reveal much about his personal life to the public. He is married and has two children, a son and a daughter. He lives in Tokyo, Japan, where Honda’s headquarters are located. He is fluent in Japanese and English, and can also speak some Thai, as he spent some time working in Thailand.
Mibe is passionate about technology and innovation, and enjoys learning new things and exploring new possibilities. He is also interested in art and culture, and likes to visit museums and galleries. He is a fan of jazz music, and plays the saxophone as a hobby. He also likes to travel and experience different cultures and cuisines.
Mibe is a humble and modest leader, who respects and appreciates his colleagues and customers. He believes that teamwork and collaboration are essential for achieving Honda’s goals and vision. He also values diversity and inclusion, and supports the empowerment and development of Honda’s employees and partners. He is committed to serving people worldwide with the joy of expanding their life’s potential.
Conclusion
Toshihiro Mibe is the president and CEO of Honda Motor Co., Ltd., one of the world’s leading manufacturers of automobiles, motorcycles, power products, and other products. He has a strong educational background in engineering and technology, and has had a long and successful earning career at Honda, where he has been involved in the development of Honda’s advanced technologies and products. He has also been leading Honda’s growth and innovation, while also fulfilling its social and environmental responsibilities. He is a passionate and visionary leader, who aims to enhance Honda’s competitiveness and profitability, while also serving people worldwide with the joy of expanding their life’s potential.
Most Asked Questions and Answers about Toshihiro Mibe
- When did Toshihiro Mibe become the CEO of Honda?
Toshihiro Mibe became the president and CEO of Honda Motor Co., Ltd. on April 1, 2021. He succeeded Takahiro Hachigo, who retired after six years as the CEO of Honda.
- How much does Toshihiro Mibe make as the CEO of Honda?
According to the latest financial report of Honda, Mibe’s annual salary for the fiscal year 2023 was 150 million yen (approximately 1.36 million USD). This includes his base salary, bonuses, and stock options. He also received 1,000 Honda shares as part of his compensation