Mitsubishi UK managing director Jim Tyrrell is leaving his role to take on a new part-time position as vice president.
Lance Bradley, formerly sales and marketing director, will become managing director.
Tyrrell said he was looking forward to his part-time position and developing outside non-executive interests.
Bradley has been at the Colt Car Company for nine years, initially as general manager of sales, then sales director and most recently as sales and marketing director.
He has previously held a number of roles at Ford Motor Company.
“I’m very excited to be taking over as managing director. With the financial strength of the Mitsubishi Corporation supporting us, I am looking forward to building on the foundation we have established over the past decade and leading the company into the next phase of its history,” said Bradley.