Toyota scion Akio Toyoda is stepping down as CEO and president to become chairman as the company navigates the transition to EVs
TOKYO— Toyota Motor Corp. Chief Executive Akio Toyoda, a scion of the founding family who has led the company since 2009, will step down from his current roles and become chairman in April, Toyota said Thursday.
Chief Branding Officer Koji Sato, a 53-year-old executive who has led Toyota’s luxury Lexus division since 2020, will become president and chief executive in April, the company said. Takeshi Uchiyamada, Toyota’s chairman, will step down from that post.
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