Toyota City, Japan – Toyota Motor Corporation (TMC) announced today that it intends to implement changes to its executive structure and senior professional/senior management employees effective March 1 and April 1, 2023, and changes to its Board of Directors effective the date of its 119th Ordinary General Shareholders’ Meeting as described below.
TMC announced on January 26, 2023 that Chairman Takeshi Uchiyamada will resign his post, President Akio Toyoda will be appointed chairman, and Operating Officer Koji Sato will be appointed president, effective April 1, 2023.
At the time of the announcement in January, Operating Officer Sato expressed his resolve in assuming the post of president, saying, “Our new team’s theme is ‘inheritance and evolution’. We will implement product-centered and region-centered management while valuing the philosophy of our company’s founding and will endeavor to fully redesign Toyota into a mobility company. Making ever-better cars and being the best car company in town are exactly the values that Toyota must hold. With these values so deeply instilled in the company by President Toyoda over the past 13 years, what the new team must do is push implementation at greater speed.”
The new structure that is to implement product-centered and region-centered management led by incoming President Sato is as follows.
Operating Officer structure effective April 1
| Name | Current | New |
|---|
| Koji Sato | Chief Branding OfficerLexus International Co. (President)Gazoo Racing Company (President) | PresidentChief Executive Officer | |
| * | Hiroki Nakajima | Mid-size Vehicle Company (President)CV Company (President) | Executive Vice PresidentChief Technology OfficerMid-size Vehicle Company (President)CV Company (President) |
| Yoichi Miyazaki | Chief Competitive OfficerBusiness Planning & Operation (President) | Executive Vice PresidentChief Financial OfficerChief Competitive OfficerBusiness Planning & Operation (President) | |
| * | Tetsuo Ogawa | North America Region (Chief Executive Officer)Toyota Motor North America | North America Region (Chief Executive Officer)Toyota Motor North America |
| * | Tatsuro Ueda | China Region (Chief Executive Officer)Toyota Motor (China) Investment Co., Ltd. | China Region (Chief Executive Officer)Toyota Motor (China) Investment Co., Ltd. |
| Jun Nagata | Chief Communication OfficerExternal & Public Affairs Group (Chief Officer) | Chief Communication OfficerExternal & Public Affairs Group (Chief Officer) | |
| * | Simon Humphries | Vehicle Development CenterDesign Field (Senior General Manager) | Chief Branding OfficerVehicle Development CenterDesign Field (Senior General Manager) |
| * | Kazuaki Shingo | Toyota Compact Car Company (President) | Chief Production OfficerToyota Compact Car Company (President) |
TMC’s three current executive vice presidents?Kenta Kon, Masahiko Maeda, and Masanori Kuwata?are to be frontline leaders to speedily implement the following three key business themes set forth by the new structure.