Eiji Iwakuni, CEO of Ford Motor Co.’s Japanese unit, will join the board of Mitsubishi Motors Corp. Iwakuni has been head of Ford Japan since 1998, when he moved over from Honda Motor Co. Ltd. His appointment will be made official at a June 25 shareholders’ meeting. Iwakuni is the first auto executive Mitsubishi has ever pulled from a competing auto maker in its 30-year history. Ford has not announced a replacement for Iwakuni.

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