Mitsubishi Motor’s chairman resigns citing health reasons, hands over role to CEO Takao Kato

On Friday Mitsubishi Motors Corp said its chairman Osamu Masuko has resigned due to health reasons and has handed over the role of the chairman to CEO Takao Kato as a temporary measure.

Masuko, a veteran of the Mitsubishi conglomerate, had joined the automaker in 2004 and became its president in 2007. In 2016, he oversaw the partnership between Mitsubishi and Nissan Motor Co wherein the latter took a controlling stake in the company.

In a statement Mitsubishi said, Masuko, 71, would remain as a special adviser while not disclosing the nature of the health reason for which Masuko resigned.

Categories: Creativity, Entrepreneurship, HR & Organization, Strategy

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: