Yotaro Iida
Profile
Performance in office
Tenure
Tenure
Background
He joined in 1943 and became General Manager of Power Systems Engineering Department 1 in May 1973. Like his predecessor Soichiro Suenaga, he came up on the engineering side of power systems, and he became President in 1985.
Selection
In 1985 he succeeded Soichiro Suenaga as President. In the fiscal year ended March 1985, the year before, net sales were ¥1,999.7 billion and ordinary income ¥87.2 billion, 3.1 times the ¥28.1 billion of FY ended March 1982. By division, power systems was the largest at ¥766.5 billion, 38% of the total, and Iida, who had come up through power systems, became President.
Initiatives
He closed the Daiko Works in Ozone, Nagoya in 1986 and the Hiroshima Marine Equipment Works in December 1988. The plant closures were a downsizing on a scale following the rationalization of 10,000 jobs over two years presented in November 1978. The MU-300 business jet, developed independently from September 1975, failed to gain sales in the U.S. market, and withdrawal was decided in 1985. He handed over to Kentaro Aikawa in June 1989.
Career
Career
Mitsubishi Heavy Industries
| Date | Position |
|---|---|
| 1943 | Joined |
| May 1973 | General Manager, Prime Movers First Engineering Department |
| 1985 | President |
| 1989 | Chairman |
| Jun 1989 | Stepped down as President |