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Mitsubishi Motors Corporation Announces Election Of Rolf Eckrodt As New President And CEO

Published: 25th June 2002

(Tokyo, 25 June) Mitsubishi Motors Corporation announced today a major reshuffle of its top management following a special Board of Directors Meeting after today’s Annual Shareholder Meeting.

Effective immediately, former President and CEO Takashi Sonobe becomes Chairman and Rolf Eckrodt, so far serving as Executive Vice President and COO Car Operations, becomes President and CEO responsible for the entire operations of the company.

Regarding his election as President and CEO, Rolf Eckrodt said, "I am fully prepared to accept this responsibility. I will fight for the success and future of the entire company with all my strength and experience gained in the automobile industry over 36 years."

Eckrodt stressed, "the first year of the Mitsubishi Motors Turnaround has been more successful than expected. We will continue this path and even accelerate our efforts of restructuring and reform to further increase profits and to return to sustainable growth."

"It is not a question of Japanese or German management style but rather of being successful or not," he further added. "Building on the great resources available at Mitsubishi Motors, we will further introduce international management methods to recreate a strong Japanese company and partner within our global alliance with DaimlerChrysler."

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