Toyota has announced a major change in its top management. In fact, as of April 1, 2023, Akio Toyoda will not be able to participate. more the CEO of Toyota. After almost 14 years, the manager will leave; the current role of him which will be & agrave; taken by Koji Sato who today holds the positions of president of Lexus International and Gazoo Racing.
The grandson of the Toyota founder will, however, remain within the company. 39; company, with the role of chairman of the board of directors. Among other changes to the top management of Toyota, the current chairman of the board of directors, Takeshi Uchiyamada, known for being the "dad" of the Prius, it will be done; aside but will keep; a seat on the board of directors.
The reorganization answers a long-standing question about the succession of Toyoda who had taken the reins of Toyota in 2009. A manager who has been able to manage some very difficult periods in the history of the Japanese brand and who has led the company, over time, to achieve record sales and earnings.
However, for some time there has been talk of a change at the top of Toyota, with the aim of "rejuvenating" the management (Toyoda is 66, Sato is 53). Also a way to try to mitigate the controversies that have arisen in recent times among investors due to Toyoda's skeptical positions on electric vehicles. As we know, we have talked about it more than once. Sometimes, the manager has more Sometimes stated that it wants to focus on neutrality; technological. This has led the Japanese manufacturer to invest heavily in hybrids and hydrogen.
Sato, therefore, takes the helm at a time when Toyota is being criticized for falling behind in the race for electric vehicles. We'll see if the new number one from Toyota will bring something new. changes to this strategy and whether the builder will aim for any changes to this strategy. more on electric, abandoning past positions.
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