
Phillips' announcement comes just weeks before the new 380 is released and is effective from 31 October 2005.
Phillips joined Mitsubishi Motors Australia Ltd (MMAL) in June 2000 from Toyota Australia where he was Director of Sales and Marketing.
"My major goal when taking the CEO position at Mitsubishi Motors, was to deliver a new model for local production. I will have achieved this goal with the launch of the "380" in October, and now I feel it's the right time to move on to a new challenge," said Phillips.
Phillips' successor will be Robert McEniry, who joins the company with experience in the automotive industry at General Motors, SAAB and HSV.
Phillips will be pursuing other business opportunities while being retained by MMAL in a role of 'special advisor'.