Jump to content
Create New...

Mitsubishi News: Mitsubishi Motors' President Resigns


Recommended Posts


Tetsuro Aikawa, Mitsubishi Motors' president and COO will be stepping down from the company next month. In a statement released by the company, Aikawa will resign on June 24th, the same date of Mitsubishi's annual shareholders meeting.

 

Ryugo Nakao, the executive vice president for quality and product strategy will also be stepping down at the same time.

 

Automotive News reports that Akiawa stepped down for two key reasons. The first was that he was the director of the r&d division that inflated the fuel economy test figures. The second is to give a clean slate for the new development chief, that will likely be installed by Nissan as part of the two companies' new alliance.

 

“For causing trouble and worry first and foremost to our customers and to all involved, I take responsibility,” said Akiawa.

 

During a press conference today, CEO Osamu Masuko said he would handle the duties of both people for the time being until replacements are found.

 

Source: Automotive News (Subscription Required), Mitsubishi Motors

 

Press Release is on Page 2


 


Personnel Changes (Resignation) of Members of the Board

 

Tokyo, May 18, 2016 - Mitsubishi Motors Corporation (MMC) announced resignation of members of the board as follows:

 

1. Member of the Board who will resign
Tetsuro Aikawa President and COO, Representative Director
Ryugo Nakao Executive Vice President, Representative Director

 

2. Reason for resignations
As our announcement today on the Report to the Ministry of Land, Infrastructure, Transport and Tourism concerning improper conduct in fuel consumption testing of vehicles manufactured by MMC shows, MMC has caused tremendous trouble and concern to our customers and all of our stakeholders. Considering this, Mr. Aikawa and Mr. Nakao decided today that they will resign as Representative Directors as of June 24, 2016.

 

3. Date of resignation
June 24 (the day of MMC's ordinary shareholders meeting)

 

We will decide on the successors of both Representative Directors at our board of directors' meeting and make an announcement promptly


View full article

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search

Change privacy settings