Mitsubishi Motors Europe president and CEO Tim Tozer is leaving after four years to become CEO of Netherlands-based Autobinck Holding, a vehicle distributor and retailer based in The Hague founded in 1907.

"The end of his collaboration with Mitsubishi Motors coincides with the successful completion of the European part of Mitsubishi Motors Corporation's 'Revitalisation Plan' and the regional launch of its mid-term 'Step Up 2010' business plan announced in February," MME said in a statement.

"Within this period, MME returned to prosperous times, all with tangible results in terms of finance, organisation, distribution, manufacturing, brand and product."

An MME spokesman told just-auto that the automaker wished Tozer well in his new post, saying it was a logical career move and that "he likes distribution". Tozer's career has spanned a number of automakers, including Rover, Mazda and Chrysler France, and included a stint at UK-based global importer and retailer Inchcape.

MME has promoted its vice president of product, Gen Nishina, to the president & CEO post from 23 December.

MME described Nishina as "a seasoned professional with a vast international experience including over 10 years of European assignments since 1997".

Mitsubishi Motors Corporation president Osamu Masuko said: "The European business is vital for Mitsubishi Motors and Tim Tozer has contributed significantly to its development over the past four years. We all wish him well for the future."

President & chairman Rolf Lauret said: "AutoBinck Holding feels confident that Tim Tozer will be able to enhance the flexibility of the company to grasp new opportunities. He is a skilled manager, knows the automotive sector very well and is endowed with excellent business acumen."

Tozer's new post from 1 February puts him in charge of a firm that imports and retails cars, offers leasing and financing, and imports, wholesales and retails spare parts & accessories in the Benelux countries and central Europe.

AutoBinck has 1,400 employees and turned over more than EUR1.2bn this year.

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