Tokyo, August 7, 2020
Regarding the Resignation of the Chairman of the Board
Tokyo, August 7, 2020 – MITSUBISHI MOTORS CORPORATION (MMC) announced that Osamu Masuko resigned today as chairman of the board and representative executive officer, MMC due to his health reason. Takao Kato, member of the board and representative executive officer, chief executive officer (CEO), MMC, will temporarily cover the duties of the chairman. Masuko assumed a position as a special advisor.
Masuko was appointed to the president, MMC, in 2005. During his tenure as the president and CEO, Masuko led the company in various areas including the introduction of advanced eco conscious vehicles such as EV and PHEV, as well as the expansion of production and sales in the ASEAN region. Masuko is going to support MMC as a special advisor by fully leveraging his knowledge and experience.
Biography of Osamu Masuko
Date of birth:February 19, 1949
Education:March 1972 Graduated from Waseda University
Faculty of Political Science and Economics
August 2020 Special Advisor, MMC
June 2019 Chairman of the Board, Representative Executive Officer, MMC
November 2018 Chairman of the Board and CEO, MMC
June 2017 Member of the Board and CEO, MMC
December 2016 President and CEO, MMC
June 2016 Chairman of the Board, President and CEO, MMC
June 2014 Chairman of the Board and CEO, MMC
October 2007 President, MMC
January 2005 President, Chief Business Ethics Officer, MMC
June 2004 Managing Director, in charge of Overseas Operations Group Headquarters, MMC
April 2003 Senior Vice President, Division COO of Motor Vehicle Business Division, Mitsubishi Corporation
April 1972 Joined Mitsubishi Corporation
About MITSUBISHI MOTORS
MITSUBISHI MOTORS CORPORATION is a global automobile company based in Tokyo, Japan, which has a competitive edge in SUVs and pickup trucks, electric and plug-in hybrid vehicles. The company launched the i-MiEV –the first mass-produced electric vehicle in 2009, which was followed by the OUTLANDER PHEV in 2013 –a plug-in hybrid market leader in Japan and Europe. Mitsubishi Motors has 30,000 employees and a global footprint with production facilities in Japan, Thailand, China, Indonesia, the Philippines and Russia. Models, such as the PAJERO SPORT/MONTERO SPORT, TRITON/L200, OUTLANDER, ASX/OUTLANDER SPORT/RVR and XPANDER play a major role in achieving its growth. The global sales volume in fiscal year 2019 was 1,127,000 units, and the net sales of Mitsubishi Motors for fiscal year 2019 was 2.27 trillion yen. Mitsubishi Motors is listed on the Tokyo Stock Exchange.