Mitsubishi Fuso Truck of America, Inc. (MFTA), a subsidiary of Mitsubishi Fuso Truck & Bus Corp., announced the appointment of Michael Munz to the position of chief financial officer (CFO). Munz succeeds Mutsumi Miwa, who retired March 31.
Munz comes to MFTA from Detroit Diesel Australia, where he has served as Head of Finance & Controlling, Legal & Compliance and HR & Administration since 2011. Prior to that, he served as Director and CFO of Mitsubishi Truck Europe. Prior to that, Munz held several managerial positions within Daimler Trucks.
According to Todd Bloom, president and CEO of MFTA, “Munz has developed an extensive knowledge of finance and controlling over the years he has spent in leadership positions within the Daimler group. His financial expertise and the breadth of his experience will be instrumental in helping to guide MFTA’s long-term strategic growth.”
As CFO, Munz will be responsible for analyzing and reporting accurate financial information, overseeing the company’s capital structure, as well as forecasting the financial impacts of the company’s business decisions and developing economic strategy.
The outgoing CFO, Miwa, has a long history with MFTA. He first served MFTA as its Treasurer from April 1995 until September 1997, when he was promoted to CFO. Miwa held that position until his assignment here ended in 2000 and he returned to Japan. He returned to MFTA as its CFO again in 2013. From 2000 until his return, Miwa held a number of leadership posts in the financial offices of MFTA’s parent company, Mitsubishi Fuso Truck & Bus Corporation, Kawasaki, Japan.
As he accepted the new position, Munz noted, “I’d like to thank Miwa for his steadfast leadership as MFTA CFO. I wish him well in his retirement, just as I look forward to my new role.”