Mitsubishi Motors says Masuko to become CEO, chairman in June

TOKYO Tue Feb 4, 2014 10:19pm EST

Mitsubishi Motors Corp President Osamu Masuko attends a news conference at the company headquarters in Tokyo April 25, 2013. REUTERS/Toru Hanai

Mitsubishi Motors Corp President Osamu Masuko attends a news conference at the company headquarters in Tokyo April 25, 2013.

Credit: Reuters/Toru Hanai

Related Topics

TOKYO (Reuters) - Mitsubishi Motors Corp 711.T said its long-term president Osamu Masuko will become chairman in June and also take on the newly created post of Chief Executive Officer, as the Japanese automaker seeks to leave behind an arduous decade of slumping sales and a tenuous capital structure.

Managing Director Tetsuro Aikawa will replace Masuko as president and also take on a newly made post of Chief Operating Officer, the car maker said in a statement on Wednesday. The announcement was in line with media reports last week.

Mitsubishi Motors is set to announce its October-December third quarter earnings results later on Wednesday.

(Reporting by Yoko Kubota; Editing by Shinichi Saoshiro)

FILED UNDER:
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article