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HomeTOP NEWSBUSINESSToyota Replaces Third-Generation Chief Executive Akio Toyoda With Koji Sato

Toyota Replaces Third-Generation Chief Executive Akio Toyoda With Koji Sato

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Toyota According to them, the changes to its executive structures will become effective starting in April 1. (File)

Tokyo:

Toyota Nominated Koji Sato as its new CEO, president and operating officer ThursdayThe third-generation chief executives will be replaced Akio Toyoda Who will be the chairman of the board?

The Japanese The car giant, which is currently the top-selling automaker in the world, stated that it will make changes to its executive structure effective from April 1.

Toyoda66 became Toyota’s The youngest president of the firm in 2009, after it returned to its family foundations during the global financial crisis.

He The grandson of the company founder Kiichiro Toyoda. His Father Shoichiro Toyoda Also led Toyota The 1980s and the 1990s.

After After a rough start, he was able to become a charismatic leader who was tasked with leading the industry through major changes.

He He led the group through a scandal in quality control that caused him to apologize before the US Congress, and supply chain chaos due to Japan’s 2011 earthquake and tsunami

More Recently, he worked to strengthen Toyota’s Ambitions in the key sector of electric vehicles

Incoming President Sato53-year-old formerly served as the company’s chief brand officer and president of its luxury division. Lexus brand.

(Except The headline is not edited by NDTV staff. This story is syndicated from a feed.

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