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Mitsubishi Credit Appoints President and CEO

May 5, 2005

CYPRESS, Calif. -- Mitsubishi Motors Credit of America announced that Jeff Young, senior vice president and chief financial officer of MMCA, has been named its president and CEO. He replaces Bob Costantino, who has chosen to pursue other interests in the financial community.

"We're extremely pleased to have Jeff Young step into this new role,” said Rich Gilligan, president and CEO of Mitsubishi Motors North America. "His technical skills and leadership ability make him the ideal choice as president and CEO of MMCA.

"I'm very excited about this new leadership opportunity," Young said. "MMCA is a great organization built on a solid foundation, with an experienced team in place. My goal will be to keep the momentum building."

Young joined MMCA in 2003 after serving as vice president of Capital Markets for Centex Home Equity, a sub-prime mortgage company, where he was responsible for funding, risk management and investor relations during his tenure. Additionally, Young held several finance leadership positions at Ford Motor Credit and served as a senior consultant for Deloitte Consulting.

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