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Isuzu Motors South Africa (IMSAf) Group Chief Financial Officer (CFO) will be laying down his tools after 40 years at Isuzu. Mitsuteru Yageta (64) was deployed by Isuzu Japan as an expatriate at IMSAf in 2018 as the Group CFO after Isuzu Motors Limited of Japan acquired the Isuzu manufacturing plant and related operations from General Motors Company.
Yageta was based in Port Elizabeth and established a solid foundation for the Japanese manufacturer in South Africa. His wealth of knowledge and experience spans over four decades and includes stints in product powertrain planning, sales and finance. He has worked in various international markets and will now relocate to Japan.
According to Catherine Campbell, IMSAf Department Executive, Finance, Yageta leaves behind a legacy of financial discipline. “He set IMSAf up on a good trajectory. During a year of economic uncertainty in 2020, Yageta was instrumental in containing costs while growing market share,” said Campbell.
Yageta said he enjoyed his stay in Port Elizabeth and will miss the city and his local colleagues. “We adapted well and most of all I enjoyed playing golf over weekends,” he said with a smile.
Yageta concludes his assignment at IMSAf at the end of March and will be succeeded by Michiyuki Miura. Miura joins IMSAf after working in international markets such as Thailand and Indonesia.