Mitsubishi chairman resigns

Mitsubishi chairman resigns

August 7, 2020 0 By autotimesnews

Osamu Masuka, who has worked for the company for almost 50 years, is temporarily replaced by CEO Takeo Kato.

Mitsubishi veteran Osamu Masuko steps down as chairman of the board. His health condition was the reason to take a step back. 71-year-old Masuko already in 2007 served as president of Mitsubishi Motors Corporation. In June 2014, he was officially named Chairman and CEO. According to Reuters, this is a temporary step, and, as is customary for people of his level, Masuko will continue to work in the company as a special adviser during his departure.

“At the helm” Mitsubishi Masuko has experienced several crises and important events. He was in charge when Mitsubishi became close to Nissan and with it the Renault-Nissan alliance, resulting in many of the inconveniences associated with Carlos Ghosn. He was one of those who supported the introduction of Mitsubishi electric vehicles and plug-in hybrids, such as the best-selling Outlander PHEV, as well as spurred expansion in Southeast Asia.