A Toyota dealership is seen on November 19, 2025 in Austin, Texas.
Brandon Bell | Getty Photos
Toyota Motor introduced Friday that Chief Govt Officer Koji Sato will step down and get replaced by its Chief Monetary Officer, Kenta Kon, marking the automaker’s second CEO transition in three years.
The management shakeup will take impact on April 1, with Sato assuming the place of vice chairman and a newly created position as chief business officer.
“Underneath this new management construction, Sato will concentrate on the broader business, together with Toyota, as Vice Chairman and CIO, whereas Kon will concentrate on inner firm administration as President and CEO,” the corporate stated in a assertion.
Additional board adjustments are additionally deliberate for June 2026, with Kon becoming a member of as a director and Sato resigning from his board seat. Sato had been appointed CEO in 2023, succeeding Akio Toyoda.
Toyota stated the management change aimed to hurry up decision-making amid business challenges and bolster its transformation right into a extra diversified mobility firm.
Toyota has been rising leaning into electrified automobiles, together with EVs and hybrids.
That was mirrored in its earnings, additionally introduced on Friday, which confirmed that electrified automobiles have accounted for almost half of its retail car gross sales within the first three quarters of its fiscal yr.
Gross sales have been pushed by robust demand for hybrid automobiles in areas resembling North America and China.
Toyota raised its full-year working revenue forecast by 11.8%, citing a weak yen and price reductions to assist offset the influence of U.S. tariffs.
Shares have been buying and selling up 1.5% on Friday following the information.
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