Toyota appoints new chief executive to speed up decision-making
Japanese automaker Toyota, the world’s largest vehicle manufacturer by sales, has announced a change at the top of its management aimed at streamlining leadership and responding more effectively to a rapidly evolving global environment.
The company confirmed that its current chief financial officer will assume the roles of president and chief executive officer starting April 1, replacing Koji Sato. The decision reflects Toyota’s intention to adapt its governance structure in light of both internal dynamics and external pressures affecting the automotive industry.
Koji Sato, who has led the group since April 2023, took over from Akio Toyoda, the grandson of the company’s founder and a long-standing figure in Toyota’s leadership. During his tenure, Sato oversaw a period marked by technological transformation and increased competition in areas such as electrification and sustainable mobility.
In a statement, Toyota said the leadership transition is designed to accelerate decision-making at the executive level, allowing the group to respond more swiftly to market changes, regulatory challenges, and shifting consumer expectations.
The appointment comes at a time when global automakers face mounting pressure to balance innovation, cost control, and environmental commitments. By promoting a senior executive with deep financial expertise, Toyota signals its focus on strategic agility and long-term competitiveness.
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