TOKYO - Mitsubishi Motors Corp. has replaced 17 of its 40 directors, including four of its five executive vice-presidents. Nissan Motor Co. also made changes.
The changes become effective after shareholder meetings in June.
Among the Mitsubishi executive vice-presidents retiring are Reijiro Kuromizu, who was in charge of all international operations, and Motoo Suzuki, the head of product development.
Mitsubishi did not announce the assignments of the new board members.
Takemune Kimura, who took over as president last year, made the changes.
Meanwhile, Nissan eliminated a layer of management known as executive managing director. Managing directors and directors now report directly to an executive vice-president.
Three of Nissan's four former executive managing directors became executive vice-presidents.
One of them was Tetsuo Tabata, who retained his role as head of overseas operations.
Tadahiro Shirai, president of Nissan Europe NV and chairman of Nissan Motor Manufacturing (UK) Ltd., was promoted two levels at once. He was the only managing director to be promoted to executive vice-president, past the now-defunct executive managing director post.
Yoshikazu Kawana, formerly executive vice-president in charge of overseas operations and the overseas parts group, will leave Nissan to become head of affiliate Nissan Motor Car Carrier Co.
Among the 15 new managing directors or directors are two each from Fuji Bank Ltd. and Industrial Bank of Japan Ltd.