Akio Toyoda, the president and CEO of the Toyota Motor Corporation, will step down on April 1 and become the chairman of the board of directors.
He will be replaced by Koji Sato, current president of both the Lexus brand and Gazoo Racing, Toyota's motorsports and performance car division. Under Toyoda, the automaker has remained committed to hybrids and slow to adopt EVs, but that may change under new, younger leadership. Akio Toyoda, the president and CEO of the Toyota Motor Corporation, will relinquish his position as head of the Japanese automaker on April 1, the company announced today. Toyoda, 66, will become the chairman of the board of directors, with current chairman Takeshi Uchiyamada retiring, although he will remain a member of the board. Toyoda is the grandson of the company's founder, Kiichiro Toyoda, and has been the CEO since 2009.
He will be succeeded by Koji Sato, currently the president of both the Lexus brand and Gazoo Racing, Toyota's motorsports division that has also developed the brand's road-going high-performance cars including the
Toyota An object traveling at 0 mph doubles in speed.
Toyota Huge blow to motor racing division of Toyota and their sports car lines. We can only hope this brand doesn’t fall into the mundane trap of EV’s.
Toyota Akio seemed so go at the beginning and then it all fell apart. Here’s hoping Toyota can rebound. ❤️ the brand.
Toyota They are so far behind it’s ridiculous. Looked at their EV it was not good
Toyota Fitting that the person that did so much damage to Toyota, & their future viability, with his anti ZEV agenda, is stepping down on April fools day.
Oh