Mr. Shibata will succeed Mr. Masahiko Ueki who served as President and CEO of MMPC from February 2008. As Mr. Ueki leaves marks of his legacy with his immense contributions and accomplishments to MMPC during his brief stint. It was during his term when MMPC was able to further strengthen its number 2 industry position. Like in 2009, MMPC was able to achieve a double digit growth of 33% and improve its market year to 17.6% in spite of the global financial crisis which affected the automotive industry. Then in 2010, MMPC closed the year with a 39% sales growth and 19.2% market share. With his mission coupled by his dedication of providing quality products and best service to customers, MMPC was able to top the J.D. Power CSI and SSI studies in 2009.
Mr. Ueki's leadership and hard work has contributed in making MMPC one of the country's leading auto brands, he is now promoted as the Executive Officer and Corporate General Manager of Asia and ASEAN Office of Mitsubishi Motors Corporation.
Mr. Shibata who is currently MMC's Vice Corporate General Manger joined Mitsubishi Motors Corporation (MMC) in 1978 after finishing Law form Seikei University that same year. He was first assigned in the Production Control Department. Before his appointment as MMPC's new president, Shibata was also assigned in The Netherlands for 4 years (1999-2003), after his assignment in Europe he served as Manager of Export Operations Department and was promoted the same year as General Manager of Export Operations in MMC. He was also assigned as the General Manager of Australia/New Zealand from July 2004 up to March 2005. Mr. Shibata's more than 30 years of vast experience in various foreign markets handled by MMC makes him more excited to lead Mitsubishi Motors' operation in the Philippines.
"Mitsubishi Motors' strong market presence in the country is a testament of its continued commitment of providing quality vehicles that offer utmost driving pleasure and safety for our valued customers and community" Shibata commended. "We also recognize our role as global citizen, and with that Mitsubishi Motors aims not only to work towards the achievement of our sales goals but also to work with the society and for the environment, I am very much excited and at the same time challenged to pursue these commitments and keep MMPC's positive growth streak," he added.
MMPC will formally introduce Hikosaburo Shibata in a turn-over ceremony on April 4, 2011. With the new presidency, MMPC is firmly confident that it will continue its robust sales and improve more on providing quality service to its valued customers and living up to its role as a responsible corporate citizen.