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Mitsubishi Fuso Appoints Schaaf Sr. VP of Operations for All Medium Duty Commercial Truck Business

Logan Township, NJ, September 26, 2005 — John R. Schaaf has been promoted to the position of senior vice president of operations for Mitsubishi Fuso Truck of America, Inc. (MFTA), effective October 1, 2005. Schaaf was formerly regional vice president of the company’s western region. In his new role, Schaaf will be responsible for directing the company’s sales, service, parts and distribution operations. He takes over for Robert E. McDowell, who was recently named president and CEO of MFTA.

In announcing Schaaf’s promotion, Bob McDowell noted, “John has been instrumental in MFTA’s development and growth over the years. We’re looking forward to having his organizational skills and experience guiding our operations.”

Schaaf comes to his new position with more than 30 years of experience dedicated to the truck industry, having worked for Mercedes-Benz and Isuzu before joining MFTA in October 1994. His first assignment within MFTA was as a district sales manager in Florida. After distinguishing  himself in that position, he was promoted and moved to the company’s western region as regional vice president, where he oversaw sales operations for 16 western states. He remained in that position until his current promotion.

Mr. Schaaf and his wife will relocate to the Logan Township, NJ/Philadelphia, PA area shortly.

About Mitsubishi Fuso

Headquartered in Logan Township, NJ, MFTA markets a complete line of diesel-powered, medium duty, cabover trucks through more than 170 dealer locations throughout the United States and Canada. Currently, there are more than 80,000 Mitsubishi Fuso vehicles in use in the U.S. and Canada, fulfilling the transportation needs of a wide variety of businesses and industries.

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