Osamu Masuko joined Mitsubishi in 2004, and three years later became its president. He was an important figure in the integration of the brand into the Renault-Nissan alliance.
Mitsubishi has announced sad news to the world. Its longtime president, Osamu Masuko, died at the age of 71. At the same time, he ran the company until recently, resigning as boss on August 7, precisely for health reasons. According to an official statement, Mitsubishi Masuko succumbed to heart failure.
“On behalf of the late former President, Mr Masuk, we would like to express our sincere gratitude for the generosity he and Mitsubishi have received,” Mitsubishi CEO Takao Kato thanked Masuk for his work. Masuko died on August 27, only his closest relatives attended his funeral.
Osamu Masuko was a longtime boss of three diamonds. A Mitsubishi-born manager joined Mitsubishi on February 19, 1949, in July 2004 as CEO of overseas markets. In 2005, he became the company’s president, later his position was changed to the chairman of the board. Over the years, he has also served as Mitsubishi’s CEO or Deputy CEO.
Mitsubishi points out that Masuko has successfully restructured the company, which has helped revitalize it. Under his leadership, Mitsubishi also became a major proponent of electrified propulsion, successfully launching the plug-in hybrid Outlander. In recent years, Masuko has influenced the incorporation of Mitsubishi into the Renault-Nissan alliance.
During his tenure at Mitsubishi for about 16 years, Masuko achieved great success by fully demonstrating his managerial skills, which also enabled the company to overcome difficulties. In addition, he has built strong relationships with the management of partners or alliance companies through good communication using his personality and extensive contacts, comments the Masuk’s merits. Masuko was taking over the company during the economic crisis, when he also had to deal with a number of convening events. Now, however, Mitsubishi has to change its plans again due to financial turmoil, when, for example, it ends the further development of cars for Europe.
Even after leaving office in early August, Masuko remained in the position of special advisor at Mitsubishi. Takao Kato, a member of the Board of Directors, temporarily replaced him as Chairman of the Board.
Recently, this is the second such case where the head of the carmaker died only shortly after leaving office. In the summer of 2018, Mike Manley hastily took over the management of Fiat Chrysler Automobiles, due to unexpected health problems of his predecessor Sergio Marchionne. Shortly afterwards, Marchionne was found to have suffered an embolism during a shoulder cancer operation, which resulted in his death.