TOKYO -- In a dramatic sign of Japan's increasing executive mobility, Mitsubishi Motors Corp. has named a former Honda Motor Co. and Ford Motor Co. executive to its board of directors.
Eiji Iwakuni, 60, will become one of only 11 members of Mitsubishi's board when he replaces the retiring Hiroshi Yajima at the annual shareholders meeting June 25.
Iwakuni is chairman of Ford Japan Ltd. but will step down to take the Mitsubishi post. He was named president of Ford Japan in 1998 after a career at Honda, where he headed Honda's Japan car sales operations.
Yajima is executive general manager of Mitsubishi's corporate affairs and strategy office. But given Iwakuni's background in sales and marketing, it is expected that he will become head of Mitsubishi's Japanese sales.
Mitsubishi declined to say what post he will take ahead of his confirmation at the shareholders meeting.
The Mitsubishi board will include four directors from DaimlerChrysler, which owns 37.3 percent of Mitsubishi.
But other than the DaimlerChrysler executives, Iwakuni will be Mitsubishi's first director from another carmaker.