Toyota CEO Akio Toyoda to step aside, become chairman
Jan 26th 2023 at 8:30AMset up a new leadership team Thursday in what the Japanese automaker said was a move to stay abreast of social changes like electrification and becoming a wider “mobility company.”
Chief Executive and President Akio Toyoda, grandson of the company's founder, will become chairman. He was prominent in the announcement and appeared to be still very much in control. He has been stressing the concept of “mobility,” which reflects his view that people may opt for various ways to get around, other than owning cars.luxury division and Toyota motor racing, becomes Toyota's president and CEO.
“I am going to give it my all,” Sato said. “The new team will lead the shift in the transition to a mobility company to provide the freedom of mobility to all people.” Sato, 53, appeared in an online news conference with Toyoda and Takeshi Uchiyamada, who is seen as the “father” of theThe appointments still need shareholders' approval, scheduled for the next general meeting. Toyoda said Uchiyamada's decision to quit as chairman propelled him to take that job and give up the presidency.
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