TOKYO -- Mitsubishi Motors Corp. denied a Japanese newspaper's report that its top three executives would resign.
The Nihon Keizai Shimbun said in its Saturday, Jan. 22, edition that the resignations would come as a consequence of the company's failure to implement its restructuring plan of May 2004.
Ignoring the denial, several other Japanese media repeated the report of pending resignations in their Monday, Jan. 24, issues.
Replacements have not yet been chosen, but the next chairman is likely to come from Mitsubishi Heavy Industries Ltd., the reports said.
Those reported to be preparing to resign are:
If Mitsubishi were to name a new CEO, it would be the company's 10th in the last 11 years .
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