Mitsubishi Fuso Truck and Bus Corporation (MFTBC), is changing its board of directors, to align its corporate governance to the Japanese corporate governance code.
It has appointed senior German executives with supply chain experience in South Africa, and India, as well as a former Japanese vice-minister to the Fuso board, to add more strategic experience and political acumen.
The company the addition of more non-executive directors as well as ensuring a diverse member background will ensure better growth and compliance for Fuso truck and bus. All changes are effective as of April 1, 2016.
Frank Markus Weber, former senior vice president, CFO, and MFTBC board member returned to Daimler AG’s headquarters in Germany, to become head of mergers and acquisitions/corporate real estate.
Weber was responsible for MFTBC finance and control since 2011, and also for the whole Daimler Trucks Asia (DTA) organization since August 2013.
His successor is Herbert Werner, former CFO Mercedes-Benz South Africa Ltd. (MBSA).
Werner became the new CFO Mitsubishi Fuso Truck and Bus Corporation and MFTBC board member as representative director from April 1.
Kazuo Matsunaga is the new MFTBC board vice chair.
Matsunaga joined the Ministry of International Trade and Industry (currently Ministry of Economy, Trade and Industry (“METI”) in 1974. He was Vice-Minister of Economy, Trade and Industry from 2010 to 2011.
Matsunaga brings a lot of knowledge and contacts about the Japanese business and political environment for the benefit of the board.
Jochen Goetz, Daimler Trucks & Buses head of finance and control, Daimler AG will become a non-executive MFTBC board member.
Goetz has worked for Daimler for 26 years and gained in-depth experiences in the finance and controlling processes of the company.
He will help the board to align and exchange know-how with other business units in Daimler Trucks.
Erich Nesselhauf, Daimler India Commercial Vehicles Ltd (DICV) managing director will also become an MFTBC non-executive director.
Nesselhauf was amongst the founding management team of DICV as the procurement and supply chain management head, and he leads the MFTBC partner organisation since 2014.
He will be able to add valuable knowledge to create further growth opportunities for MFTBC says the company.
Dr. Albert Kirchmann, Marc Llistosella, Dr. Wolfgang Bernhard, and Noboru Tsuji, retain their positions on the MFTBC board.
