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Mitsubishi Fuso Truck and Bus Corporation
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Kawasaki, Japan - Mitsubishi Fuso Truck and Bus Corporation (MFTBC), one of Asia’s leading commercial vehicle manufacturers, today announced the appointment of Mr. Frank Markus Weber as Vice President of Finance & Controlling/Chief Financial Officer (CFO). Mr. Weber joins MFTBC from the Mercedes-Benz Cars division of Daimler AG, where he has been serving as Director of Finance. Mr. Weber succeeds Mr. Matthias Gruendler, who will rotate to become to Head of Procurement for Daimler Trucks and Buses, based in Stuttgart, Germany. Mr. Gruendler has served as MFTBC’s CFO since September 2008. These personnel changes were approved by an extraordinary meeting of shareholders, as follows: |
| Board of Management Personnel (As of January 1, 2011) |
| New Appointment | Former or Concurrent Post | Name |
|---|---|---|
| Member of the Board [Representative Director] Vice President of Finance & Controlling Asia Chief Financial Officer (CFO) |
Daimler AG Mercedes-Benz Passenger Car Director of Finance |
Frank Markus Weber |
| Board of Management Personnel (As of Dec 31, 2010) |
| New Appointment | Former or Concurrent Post | Name |
|---|---|---|
| Daimler AG Head of Procurement, Daimler Trucks and Buses. |
Member of the Board [Representative Director] Vice President of Finance & Controlling Asia Chief Financial Officer (CFO) |
Matthias Gruendler |
| About MFTBC
Based in Kawasaki, Japan, Mitsubishi Fuso Truck and Bus Corporation (MFTBC) is one of Asia's leading commercial vehicle manufacturers. In 2009, the company sold a total of about 99,500 vehicles including light-, medium- and heavy-duty trucks and buses. Daimler AG owns 85% of MFTBC shares and various Mitsubishi group companies own 15% of MFTBC shares. MFTBC is an integral part of the Daimler Trucks Division of Daimler AG. Mitsubishi Fuso is “All for you.” |
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