Toyota Motor Corp said on Thursday that Akio Toyoda would step down as president and chief executive and hand over the helm of Japan's largest automaker at a time when the company faces the challenge of adapting to zero-carbon transportation. Koji Sato, a 53-year-old who is also president of Toyota's luxury brand Lexus, will become the new CEO, the company said.
Koji Sato, who was named on Thursday as the future CEO of Japan s top automaker Toyota Motor Corp, is an engineer with a background in diesel engines who will be tasked with navigating the company s
Toyota Motor 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 the company s top branding officer.
Toyoda steps aside at Toyota just-auto.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from just-auto.com Daily Mail and Mail on Sunday newspapers.
The 53-year-old chief branding officer and president of Toyota Motor Corp's Lexus brand, Koji Sato, will take over from April 1 when Akio Toyoda becomes chairman.