Fumito Sakai will take over as managing director of Magyar Suzuki from March 1, the local unit of Japanese car maker Suzuki said on Wednesday.
The new CEO joined the Suzuki Group in 2000 and has since held several Europe-focused leadership positions within the Japanese company. According to the statement, Fumito Sakai considers the continuation of sustainable development and meeting social expectations to be his key responsibilities, while ensuring a reliable presence for customers and partners in the future.
The outgoing CEO regards it as a major achievement that Magyar Suzuki has maintained its stability despite challenging circumstances. Masato Atsumi took over the management of the company five years ago. Since then, the automotive industry has undergone significant transformation, yet the company has remained a key player in the Hungarian economy. Its plant in Esztergom continues to play an important role not only nationally but also within the Suzuki Group.
The CEO believes that the developments of recent years, including factory modernization and efficiency improvements, have strengthened the company’s competitiveness and enhanced its overall significance, the statement added.
According to the announcement, Magyar Suzuki exports to more than 100 countries worldwide. Information published on the company’s website shows that the firm produced more than 111,000 vehicles in Esztergom the year before last and sold nearly 16,500 units on the domestic market.
Financially, the company closed that year with revenues exceeding €2.245 billion, of which €301 million came from domestic sales in Hungary. One year earlier, total revenue stood at €2.871 billion, with €272 million generated from domestic sales. Meanwhile, profit declined significantly, falling from €141.7 million to €35.2 million.
MTI
