Autocar award winner and all-round petrolhead hero Akio Toyoda has stepped back as CEO of Toyota
In a broadcast on Toyota Times, Toyoda said Sato would be charged with transforming Toyota into a “mobility company”., took charge of Toyota in June 2009.
His love of cars has been key to Toyota's identity over the past decade as the company returned to producing desirable sporting models including the GT86 and Supra. He is also known for racing under the pseudonym 'Driver Morizo' in several events, including the 24 Hours of Nürburgring in 2019. Toyoda said on the broadcast that Sato was chosen as the next CEO partly because of his love of cars. The duo more recently presented a pair of zero-emission converted AE86-generation Toyota Corollas at Tokyo Auto Salon, a motor show largely reserved for aftermarket manufacturers.
Finding a successor for Toyoda, 66, became an increasingly important issue for shareholders in recent years. He confirmed he was considering the issue at a shareholder meeting in June 2022.
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