Osamu Masuko Explained

Osamu Masuko
Birth Date:19 February 1949
Birth Place:Tokyo, Japan
Occupation:Businessperson

was a Japanese business executive. He was an executive of Mitsubishi Motors, serving as president from 2005 to 2020, CEO from 2005 to 2014 and 2016 to 2019, as well as chairman from 2018 to 2020.

Biography

Masuko was born in Tokyo. He joined Mitsubishi Corporation in 1972 after working at Kaijo High School and Waseda University Faculty of Political Science and Economics, Department of Economics.[1] He worked in the automobile field at the company, and was proficient in expanding trade areas such as South Korea and Indonesia. In 2003, he became an executive officer of the company and general manager of Mitsubishi Motors.

In 2004, Masuko was entrusted with the reconstruction of Mitsubishi Motors, which was in serious financial crisis due to the discovery of a large-scale hidden recall, transferred to the company, and became the managing director (overseas business manager) with the right of representation. In January 2005, he became the president of the company. Masuko became chairman in June 2014 and concurrently served as the newly established CEO.[2] In 2016, the problem of fuel economy fraud in light vehicles was discovered, and on June 24, the same year, when President Tetsuro Aikawa retired, he returned to the presidency and became chairman, president and CEO.[3] In October of the same year, Nissan became the largest shareholder of Mitsubishi Motors, and Carlos Ghosn became chairman. Masuko had announced his resignation, but Ghosn's detention led him to continue as president and CEO.[4] At the general meeting of shareholders in June 2017, Masuko announced that he would only hold the title of CEO. At the June 2019 shareholders' meeting, he retired as CEO and would only be chairman.

On August 7, 2020, he retired as chairman of the board for health reasons and became a special adviser,[5] [6] but died of heart failure on August 27, at 71 years old.[7] [8]

Notes and References

  1. http://future-of-asia.nikkei.jp/asia2015/speaker06.html 講師略歴
  2. Web site: プレスリリース | ニュース・イベント | Mitsubishi Motors . December 23, 2020 . April 25, 2016 . https://web.archive.org/web/20160425130521/http://www.mitsubishi-motors.com/publish/pressrelease_jp/corporate/2014/news/detail4751.html . dead .
  3. https://www.mitsubishi-motors.com/content/dam/com/ir_jp/pdf/irnews/2016/20160525-01.pdf 代表取締役の異動に関するお知らせ
  4. https://www.mitsubishi-motors.com/content/dam/com/ir_jp/pdf/irnews/2016/20161020-03.pdf 代表取締役の異動に関するお知らせ
  5. https://www.mitsubishi-motors.com/jp/newsrelease/2020/detail5455.html 取締役会長 代表執行役の退任について
  6. https://response.jp/article/2020/08/07/337318.html 三菱自動車の益子修会長が退任、特別顧問に---加藤隆雄CEOが会長代行
  7. Web site: 益子修氏死去 三菱自動車前会長、経営立て直し奔走. 日本経済新聞. August 31, 2020. December 16, 2020.
  8. https://www.mitsubishi-motors.com/jp/newsrelease/2020/detail5462.html 三菱自動車工業株式会社特別顧問(元取締役会長 代表執行役)益子修 逝去について