Toyota CEO Resigns After 13 Years

Akio Toyoda, who has served as Toyota’s CEO for 13 years and has an important place in the success of the brand, announced that he will step down. Koji Sato will replace Toyoda.

Based in Japan, Toyota was one of the most successful automobile companies in the world for many years. At the head of the company is the grandson of founder Sakichi Toyoda. Akio Toyoda existed. With the statements made today, Toyoda announced that he will leave his post.

The 66-year-old businessman also confirmed this development. It was stated that Toyoda, who has been in the CEO position for 13 years, will continue to take place in the company as the Chairman of the Board of Directors. The person who will sit in Toyoda’s former seat is Brand Manager. Koji Sato it will be.

The new team can do things I can’t.”

Toyoda, who has been in the lead since June 2009, has seen many events such as the economic crises and the chip crisis in recent years, since the brand is the world’s largest automobile company. The businessperson also made significant contributions to the company’s hybrid technologies, which revolutionized the industry.

In his statements, Toyoda said, “The best way to advance Toyota’s transformation a new CEO to choose and I thought it was me being the Chairman of the Board. This led to today’s decision. new team can do things that I can’t. Looking back, these 13 years have been one struggle for survival after another for me.” used the phrases.

Although Toyoda took important steps in hybrid technology, it was skeptical about switching to fully electric vehicles. The businessman said last month that he did not find it right for brands to be completely electric, Many different options such as hybrid and hydrogen should be offered to customers. was emphasizing. This approach caused Toyota to produce less electric vehicles, unlike other companies.

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Source :
https://www.carscoops.com/2023/01/toyota-ceo-president-and-all-round-car-guy-akio-toyoda-is-stepping-down/


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