Koji Sato has replaced Akio Toyoda as the CEO of Toyota.
New Leadership at Toyota
Toyota has announced a significant leadership change, with Akio Toyoda stepping down from his role as CEO. He will be succeeded by Koji Sato, with the transition effective April 1. This leadership change is anticipated to potentially accelerate the company's efforts in electric vehicle (EV) development and rollout.
Koji Sato's Background
Before assuming the top leadership position at Toyota, Koji Sato held prominent roles within the company's extensive portfolio:
- President of Lexus: He led Toyota's luxury vehicle division.
- President of Gazoo Racing: He oversaw Toyota's motorsport and performance car division.
This appointment marks a strategic move for Toyota as it navigates the evolving automotive landscape and aims to strengthen its focus on future technologies and sustainable mobility solutions.
Leadership Transition Summary
| Role | Former Holder | New Holder | Effective Date |
|---|---|---|---|
| Toyota CEO | Akio Toyoda | Koji Sato | April 1 |
