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The Independent UK
The Independent UK
National
Via AP news wire

Toyota CEO Akio Toyoda to step aside, become chairman

Akio Toyoda Toyota Kiichiro Toyoda Koji Sato Toyota Motor Corp
Copyright 2023 The Associated Press. All rights reserved

Toyota Motor Corp. said Thursday that its CEO and president, Akio Toyoda, will become chairman. He will be replaced as CEO by the automaker's chief branding officer, Koji Sato.

Toyota announced the leadership reshuffle without any forewarning, but it had a lively promotional video prepared to highlight Toyoda and Sato’s love for electric vehicles and fast cars.

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