Akio Toyoda's outspoken chief is stepping down as CEO but will remain with the automaker as its new chairman.
Akio Toyoda, the grandson of Toyota founder Kiichiro Toyoda, is leaving his position as president and CEO of Toyota to become its chairman, the automaker announced on Thursday.
His successor has been named as Koji Sato, the current chief of Lexus and chief of Gazoo, the official motorsports department of Toyota and Lexus. Toyota's current chairman, Takeshi Uchiyamada, will remain as a board member after Toyoda takes over as chairman.Toyoda led Toyota since 2009, during which time he managed to inject some much-needed vitality into the automaker's designs and sportiness into its engineering. An avid racer himself, Toyoda also saw Toyota grow its motorsports presence, particularly at the top level of endurance racing.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toyota CEO and President Akio Toyoda to step downToyoda, 66, is the grandson of the carmaker's founder and has served as chief executive since June 2009.
Read more »
Toyota CEO Akio Toyoda to Step Down and Become ChairmanAkio Toyoda, a scion of the auto maker’s founding family, will hand over the reins to Koji Sato, who has led Toyota’s Lexus division.
Read more »
Akio Toyoda becomes Toyota chairman; Lexus boss now CEO | AutocarAutocar award winner and all-round petrolhead hero Akio Toyoda has stepped back as CEO of Toyota
Read more »
Reactions to Akio Toyoda stepping down as Toyota CEOToyota Motor Corp said on Thursday that Akio Toyoda will step down as president and chief executive to become chairman from April 1, and hand over the helm of Japan's biggest automaker to its top branding officer, Koji Sato.
Read more »
Toyota names new CEO as Akio Toyoda steps down | CNN BusinessToyota's longtime president and CEO Akio Toyoda is stepping down and handing over the reins of the world's largest automaker to Lexus chief Koji Sato.
Read more »
Toyota leader Akio Toyoda to step down as president and chief executiveToyota Motor Corp said on Thursday that Akio Toyoda will step down as president and chief executive to become chairman from April 1, and hand over the helm of Japan's biggest automaker to its top branding officer, Koji Sato.
Read more »