Toyota says replacing Akio Toyoda as president and CEO / Photo: Behrouz MEHRI - AFP/File
-
France, Germany reach deal on arms maker KNDS, paving way for IPO
-
Latest developments on Europe's heatwave
-
France set for hottest day yet of heatwave
-
Keir Starmer: downfall of UK's unpopular PM
-
Gaza's surfers seek solace in the sea
-
MEXC Lists Arcium (ARX) with 70,000 USDT in Airdrop+ Rewards
-
EasyJet rejects £5 bn takeover offer from US equity firm
-
Europe scorched by latest heatwave
-
Mediators hail 'progress' in US-Iran talks after lengthy opening session
-
UK's Starmer resigns as prime minister
-
Coffee break: Starbucks Korea stores pause for training after 'Tank Day' fiasco
-
Rightist leaders congratulate Colombian president-elect
-
Rare Philippine school shooting kills three teens, wounds seven
-
Kenya labour minister accused over Russian forced recruitment
-
Crude prices drop after 'positive' US-Iran talks
-
Some France schools closed for day of searing heat
-
Tuchel's England face defensive questions despite flying start at World Cup
-
Frankfurt to All Blacks: New Zealand pick first German-born player
-
Not just a hideout: Sahel forests provide base for jihadists
-
Ageless Messi has World Cup scoring record in his sights
-
Africa faces child surgery crisis as key anaesthesia runs out
-
Trump-backed populist wins razor-tight Colombia vote, sparking protests
-
J-Bay: S.Africa's surf mecca missing out on the global tour
-
'Progress', say mediators, after Iran-US talks towards ending war
-
Key points from the first round of Iran-US talks
-
European countries close schools, cancel trains as heatwave set to intensify
-
Crude prices drop, most stocks rise on 'positive' US-Iran talks
-
'Progress', say mediators, after Iran-US talks on ending war
-
Slimy beans: Japanese natto disgusts and delights the world
-
Clark wins despite hecklers but hopes not to be 'heel of the PGA'
-
Cape Verde targeting World Cup knockout rounds after Uruguay draw: coach
-
Father's Day near-miss at US Open brings Burns to tears
-
New coach Rennie names Savea as All Blacks captain
-
Scheffler praises Clark's resolve in gutsy US Open triumph
-
Yamal kickstarts Spain World Cup bid as Cape Verde stun Uruguay
-
Cape Verde fight back for second World Cup draw against Uruguay
-
Introduces POS Ready for FWA12 to Help Retailers and Restaurants Protect Payment Traffic
-
Best Gold IRA Companies for a 401(k) Rollover in 2026: Expert Rankings Released
-
InterContinental Hotels Group PLC Announces Transaction in Own Shares - June 22
-
Genflow Biosciences PLC Announces Participation at BIO International Convention 2026
-
Guardian Metal Resources PLC Announces Holding(s) in Company
-
Empire Metals Limited Announces Massive High-Grade Core Confirmed at Thomas
-
Apex Drills 14.9 m of 5.09 % REO and 12.3 m of 5.63 % REO with > 2.50 % REO Intercept Over 191.9 m in the Trinity Zone at the Rift Rare Earth Project
-
American Critical Minerals Mobilizes to the Green River Project to Commence Drill Pad Construction
-
CTT Pharma Signs LOI for Clinical Trials and Testing of Nicotine Products
-
Opti Digital Launches Insights Hub, a Unified Intelligence Platform for Publisher Revenue Growth
-
Who is the Best Plastic Surgeon for Skin Removal After Weight Loss?
-
Bear Robotics to Acquire Kinisi Robotics, Completing Its End-to-End Physical AI Robotics Platform
-
Mexican fans rally behind Iran as 'our second team' at World Cup
-
Iran-US talks to continue through the night
Toyota says replacing Akio Toyoda as president and CEO
Toyota named Koji Sato as its new president, CEO, and operating officer Thursday, replacing third-generation chief executive Akio Toyoda -- who will become board chairman.
The Japanese car giant, currently the world's top-selling automaker, said in a statement that the changes to its executive structure will be effective from April 1.
Toyoda, 66, became Toyota's youngest president in 2009, as the firm returned to its family foundations after the global financial crash.
He is the grandson of company founder Kiichiro Toyoda. His father Shoichiro Toyoda also led Toyota in the 1980s and 90s.
After a bumpy start at the helm, he became known as a charismatic leader tasked with navigating a period of major upheaval for the auto industry.
He steered the group through a quality-control scandal that saw him apologise before the US Congress, and supply chain chaos caused by Japan's 2011 quake and tsunami.
More recently, he has worked to strengthen Toyota's ambitions in the key electric vehicle sector.
Incoming president Sato, 53, was previously the company's chief branding officer, and president of its luxury Lexus brand.
O.Ortiz--AT
