TOKYO—The chief executive of Takata Corp., the maker of tens of millions of recalled air bags, has said he intends to resign, a person familiar with the matter said Thursday.

Shigehisa Takada, the CEO of Takata and the grandson of the air bag maker's founder, is expected to attend a meeting with auto makers Friday, where the company will discuss its financial conditions and business plans, another person briefed about the matter said.

Executives and officials from Honda Motor Co., Toyota Motor Corp., Nissan Motor Co., BMW AG and Volkswagen AG are among those expected to attend, the person said.

Takata declined to comment on the matter.

Write to Yoko Kubota at yoko.kubota@wsj.com and Atsuko Fukase at atsuko.fukase@wsj.com

 

(END) Dow Jones Newswires

January 28, 2016 10:45 ET (15:45 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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