On his third anniversary within the job Koji Sato will step apart CEO of Toyota to get replaced by the present chief monetary officer Kenta Kon.
Sato-san (above) will stay with the corporate and on its board, however will shift throughout to the newly created position of chief trade officer. He was just lately appointed because the chairman of Japan Vehicle Producers Affiliation (JAMA), and because the center of 2025 has been vice chair of the Japan Enterprise Federation.
Toyota says in these roles Sato-san will “speed up sensible initiatives for (automotive) trade collaboration to strengthen worldwide competitiveness”, in addition to “advance (cross-)trade collaboration to reinforce Japan’s industrial competitiveness”.
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Stepping as much as the position of CEO can be Kenta Kon, who’s presently Toyota’s chief monetary officer. The corporate says “bettering the corporate’s incomes energy … and decreasing the break-even quantity are (his) quick priorities”, and is tasked “to guide reforms throughout your complete firm, not by means of purposeful segmentation however by addressing the worth chain as an entire”.
After finishing a bachelor of economics at Tohoku College, he joined Toyota in 1991. Kon-san slowly rose by means of the ranks to grow to be common supervisor of the accounting division by 2017.
Since then he’s had senior roles overseeing common administration, human sources, superior engineering, and analysis and improvement. In 2020 he grew to become the automaker’s chief monetary officer (CFO). He can be changed as CFO by Yoichi Miyazaki.
In a press release, the corporate stated the modifications will “speed up administration decision-making in response to modifications within the inner and exterior atmosphere and to ascertain a construction that may allow Toyota to completely perform its mission of contributing to society by means of trade”.
All these management modifications will happen on April 1, three years to the day after Sato-san took over as CEO from Akio Toyodagrandson of the automobile maker’s founder, and probably the most vibrant automotive bosses in Japan’s latest historical past.
On the time Toyota stated Sato-san had been given a “mission to remodel Toyota right into a mobility firm”. Business observers believed he was additionally tasked with dashing up the corporate’s EV improvement efforts as Toyoda-san had been reluctant to undertake any type of electrification past hybrid and hydrogen gasoline cell automobiles.
At present’s boardroom modifications come as a little bit of a shock with the automaker confirming final weekend that it offered 11.2 million vehicles in 2025. The 4.8 per cent enhance in gross sales noticed Toyota grow to be the world’s hottest new automobile producer for the sixth yr operating.
This week it additionally revised up its revenue forecast for the monetary yr ending March 2026 to ¥3.57 trillion (A$32.8 billion).
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