Kobe Steel Ltd.’s chief executive said he would step down effective April 1 to take responsibility for a quality scandal that has shaken Japan’s reputation for top-notch manufacturing.
TOKYO—Kobe Steel Ltd.’s chief executive said he would step down effective April 1 to take responsibility for a quality scandal that has shaken Japan’s reputation for top-notch manufacturing.
“To demonstrate that Kobe Steel has changed and to speed up change, we need new management,” said Hiroya Kawasaki, the head of Japan’s third-largest steelmaker.
