Akio Toyoda, president and CEO of Toyota Motor Corp.
Kiyoshi Ota | Bloomberg | Getty Images
Toyota Motor Corporation’s President and Chief Executive Akio Toyoda will step down from his publish on April 1, to get replaced by present Chief Branding Officer Koji Sato, the Japanese automaker mentioned Thursday.
Toyoda will turn out to be the brand new chairman of the board, whereas the present Chairman Takeshi Uchiyamada will proceed as a member of the board.
Toyoda, 66, is the grandson of the carmaker’s founder and has served as chief govt since June 2009.
“I assumed one of the best ways to additional Toyota’s transformation can be for me to turn out to be chairman in help of a brand new president, and this has led to at this time’s choice. Chairman Uchiyamada has lengthy supported me in all conceivable methods,” Toyoda mentioned in a webcast.
“In retrospect, these 13 years have been a interval of struggling to outlive sooner or later after the subsequent, and that’s my sincere feeling,” he added.
Tokyo-listed shares of Toyota ended the session 0.63% decrease…
2023-01-26 03:31:57 Toyota CEO and President Akio Toyoda to step down
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