NedCar President Chris Dewulf will leave at the end of May.
Dewulf, a longtime Volvo executive, has accepted a job outside the car industry. He has run the plant in Born, the Netherlands, since 1995.
Until 2000, Volvo and Mitsubishi were 50-50 partners in NedCar. But after D/C acquired a 37 percent stake in Mitsubishi that year, Volvo sold its part of NedCar to Mitsubishi.
'I regret Chris leaving. We will part as good friends,' said Stefan Jacoby, president and CEO of Mitsubishi Motors Europe. 'But the situation has changed. NedCar is now a full Mitsubishi operation.'
NedCar currently makes the Mitsubishi Carisma and Space Star, and Volvo S40 and V40.
The plant will begin making compact Mitsubishi models and a four-seat Smart beginning in 2004. The new cars are based on Mitsubishi's Z-platform.
Dewulf's successor is expected to be announced in a few weeks.