Regarding the Resignation of the Chairman of the Board

MITSUBISHI MOTORS CORPORATION (MMC) announced that Osamu Masuko resigned today as chairman of the board and representative executive officer, MMC due to his health reason. Takao Kato, member of the board and representative executive officer, chief executive officer (CEO), MMC, will temporarily cover the duties of the chairman. Masuko assumed a position as a special advisor.

Masuko was appointed to the president, MMC, in 2005. During his tenure as the president and CEO, Masuko led the company in various areas including the introduction of advanced eco conscious vehicles such as EV and PHEV, as well as the expansion of production and sales in the ASEAN region. Masuko is going to support MMC as a special advisor by fully leveraging his knowledge and experience.

Biography of Osamu Masuko

Date of birth:February 19, 1949

Education:March 1972 Graduated from Waseda University

Faculty of Political Science and Economics

Career Profile:

August 2020          Special Advisor, MMC

June 2019               Chairman of the Board, Representative Executive Officer, MMC

November 2018    Chairman of the Board and CEO, MMC

June 2017               Member of the Board and CEO, MMC

December 2016     President and CEO, MMC

June 2016               Chairman of the Board, President and CEO, MMC

June 2014               Chairman of the Board and CEO, MMC

October 2007         President, MMC

January 2005         President, Chief Business Ethics Officer, MMC

June 2004               Managing Director, in charge of Overseas Operations Group Headquarters, MMC

April 2003               Senior Vice President, Division COO of Motor Vehicle Business Division, Mitsubishi Corporation

April 1972                Joined Mitsubishi Corporation

About MITSUBISHI MOTORS

MITSUBISHI MOTORS CORPORATION is a global automobile company based in Tokyo, Japan, which has a competitive edge in SUVs and pickup trucks, electric and plug-in hybrid vehicles. The company launched the i-MiEV --the first mass-produced electric vehicle in 2009, which was followed by the OUTLANDER PHEV in 2013 --a plug-in hybrid market leader in Japan and Europe. Mitsubishi Motors has 30,000 employees and a global footprint with production facilities in Japan, Thailand, China, Indonesia, the Philippines and Russia. Models, such as the PAJERO SPORT/MONTERO SPORT, TRITON/L200, OUTLANDER, ASX/OUTLANDER SPORT/RVR and XPANDER play a major role in achieving its growth. The global sales volume in fiscal year 2019 was 1,127,000 units, and the net sales of Mitsubishi Motors for fiscal year 2019 was 2.27 trillion yen. Mitsubishi Motors is listed on the Tokyo Stock Exchange.

To view the original news article, please click on the following link: ibit.ly/3MKU

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