Mitsubishi CEO Resigns
TOKYO--Mitsubishi Motors Corp. announced that Chief Executive Officer Rolf Eckrodt, 61, resigned last week after DaimlerChrysler withdrew its financial support for the automaker.
TOKYO--Mitsubishi Motors Corp. announced that Chief Executive Officer Rolf Eckrodt, 61, resigned last week after DaimlerChrysler withdrew its financial support for the automaker.
Eckrodt, who might have had to bear the blame for Mitsubishi Motors North America's financial troubles, was expected to step down even before last week's events, reported Reuters.
The 38-year industry veteran will retire from the auto business altogether. He began his career at Daimler-Benz and joined Mitsubishi in 2001.
Keiichiro Hashimoto, chief financial officer, will act as interim head until the appointment of a new president.
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