Daihatsu Names First Non-Toyota President Since 1992

Toyota Motor Corp.'s Daihatsu Motor minicar unit has appointed Executive Vice President Masanori Mitsui to become president on June 27, Bloomberg News reports.

Mitsui will be the first Daihatsu president in 21 years who has not worked at Toyota. His current duties include oversight of environmental affairs, marketing, production, purchasing, quality, R&D and sales.

He succeeds Koichi Ina, who will become chairman after Daihatsu's annual meeting in June. Ina replaces current chairman Katsuhiko Okumura, who will become a company adviser.