Mitsubishi President Osamu Masuko takes new roles in April

Article by Anita Panait, on February 2, 2014

Osamu Masuko plans to step down from his post as president of Mitsubishi Motors Corp. and be replaced by current Managing Director Tetsuro Aikawa on April 1, 2014, according to a report by the Nikkei business daily. April 1, 2014 marks the start of the new fiscal year for the carmaker.

According to the Nikkei, Masuko is expected to become both chairman and chief executive, while Aikawa will be the carmaker’s new chief operating officer. The CEO and COO posts are newly created roles at Mitsubishi.

In his new role, Masuko will focus on building partnerships with other carmakers. Mitsubishi, however, said in a statement that nothing has been decided. Aikawa is noted for leading the development of minicars like Mitsubishi's eK Wagon and the egg-shaped i runabout.

He started his career at the Japanese carmaker in 1978 and became a member of the board of directors in 2005. He also has experience in local sales and manufacturing.

Since 2011, Aikawa has been leading Mitsubishi's global production division, in charge of overseeing the realignment of the carmaker’s sites in the US and Japan.

The product and manufacturing revamp entailed stopping production of US-only models like the Eclipse, Endeavor and Galant at the carmaker’s Normal site in Illinois and shifting its output to the Outlander Sport, a key model sold by Mitsubishi around the world. U

nder Aikawa, Mitsubishi was able to consolidate its model lineup in Japan and had launched a new mini vehicle joint venture with Nissan Motor Co. at its Mizushima site. "He's a real car guy," Mitsubishi spokeswoman Namie Koketsu said.

In an interview with Automotive News in December, Masuko was wary on the length of his stay with the Mitsubishi, which he joined in 2005 to help bail out. "At that time, I went around all the plants at MMC. Before me, there was, on average, nine different presidents over nine years," Masuko said. [source: automotive news - sub. required]

Topics: mitsubishi

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Those familiar with racing know that Marco Wittmann’s win during the 2016 Deutsche Tourenwagen Masters held last May was noteworthy as it was his second title in four seasons. In...
by - December 2, 2016
Volvo has revealed that while its products are used by a number of police organizations around the world, it will be the Swedish police that will get the first chance...
by - December 2, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries