Last week, they announced the appointment of Jeffrey H. Guyton as Mazda Motor Europe's new CEO, leaving the CFO position uncovered. But the Japanese automaker today announced that Matt Tomilo, age 44, has been promoted to the position of Chief Financial Officer (CFO) and Vice President for Finance at Mazda Motor Europe, replacing Guyton who assumed higher responsibilities.
“It’s great to have someone in our European organization like Matt Tomilo,” said Jeffrey H. Guyton. “Not only will he provide seamless continuity on the financial side, he knows Mazda well and has years of experience in the automotive industry. He will be a great asset to my management team in these trying times.”
Tomilo has been working in the automotive industry for more than 22 years, holding various management positions in Ford Motor Company's financial organization, including Americas Profit and Planning Manager, Finance Manager Product Development and International Finance Analyst. Tomilo who has a Masters of Business Administration (MBA) in finance from the University of Michigan, has occupied the position of Director of Pricing and Financial Analysis at Mazda Motor Europe since 2006.
We have no doubts regarding Mr Tomilo's skills, education and professional experience but we can not refrain from asking: why so many modifications in the management board in such a short period of time? We understood that Mr Guyton replaced James Muir who left the boat heading towards brighter horizons outside of Mazda, but this doesn't justify all the changes in the management board the Japanese car maker has done lately in its European division.
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