Former Mitsubishi Motors Europe CEO Stefan Jacoby is believed to be ready to take a board-level job that gives him responsibility for sales and marketing for all Volswagen group brands, according to Automotive News Europe.
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Jacoby resigned from Mitsubishi on January 31. In just over two years he turned Mitsubishi’s European operation from a loss maker to break-even and he beat his target of selling more than 205,000 units in Europe in 2003.
Jacoby’s departure is just part of the bad news at Mitsubishi Motors.
The troubled Japanese carmaker will unveil sweeping changes at a shareholders meeting on April 30.
Mitsubishi Motors, controlled by DaimlerChrysler, will disclose a new management team and a new restructuring plan.
President Rolf Eckrodt would not confirm reports that Andreas Renschler, head of DaimlerChrysler Smart car division, will replace him as president later this year.
“I’m waiting for that decision” from the shareholders, he said.
Mounting losses and the failure of the current three-year turnaround plan are driving the planned changes.
