The CEO of Takata is expected to resign as the embattled Japanese auto supplier tries to dig out of the deadly air bag scandal that engulfed the company and triggered the biggest recall in U.S. history.
Takata CEO Shigehisa Takada told investors Tuesday during an annual shareholder meeting in Japan that he would soon relinquish his role, according to multiple reports, including the New York Times and Reuters.
His resignation does not equate to an admission of guilt in the scandal, which has killed at least 11 people worldwide and injured more than 100. But in Japanese business culture, executives often resign following a scandal as a show of remorse.
Though he has apologized for the situation, he has remained largely in the background as the scandal was exposed.
A U.S.-based spokesman for Takata did not immediately respond to a request seeking comment Tuesday morning.
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SOURCE: USA Today, Nathan Bomey