Toyota names Lexus chief Koji Sato CEO as Akio Toyoda takes chairman role

Toyota names Lexus chief Koji Sato CEO as Akio Toyoda takes chairman role

Daily Current Affairs   /   Toyota names Lexus chief Koji Sato CEO as Akio Toyoda takes chairman role

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Category : Appointment/Resignation Published on: January 30 2023

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  • Toyota’s longtime president and CEO Akio Toyoda is stepping down and handing over the reins of the world’s largest automaker to Lexus chief Koji Sato.
  • Toyoda would be appointed chairman of the board as Sato takes over daily management.
  • Takeshi Uchiyamada, Toyota’s current chairman, will resign from his post but remain on the board, the company said. 
  • The changes are set to take effect on April 1.
  • Sato began his career at Toyota in 1992, holding an executive role at Toyota before becoming chief engineer of Lexus International, a luxury auto brand of Toyota, in 2016 and becoming its chief branding officer in January 2021.
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