Osamu Suzuki, the longest-serving leader of any major global automaker, ceded his title as president of Suzuki Motor Corp. to his son, Toshihiro, on Tuesday.
The 85-year-old will stay on as chairman and CEO of the company.
The announcement naming Toshihiro Suzuki as the next president will ease uncertainty about management succession at the automaker, where his father has served as either chairman, president or CEO since 1978.