Toyota says replacing Akio Toyoda as president and CEO / Photo: © AFP/File
-
How young is too young as child prodigies win big at Asian Games
-
Swiss vote on what it means to be neutral
-
UK Labour party meets buoyed by Burnham but eager for concrete plans
-
Pope to meet with victims of clerical sex abuse during France trip
-
Thousands protest ahead of Mexican president's report on missing students
-
Iran stands firm on Hormuz plan after US rejection
-
Bangkok floods force thousands into shelters
-
Madrid protest camp grows after eviction outrage
-
AI startup urges optimism from Europe despite safety fears
-
Italy winemakers hail bumper harvest but cut output
-
'Godlike, invincible': Japan hails 11-year-old Games history-maker
-
Kyiv shoppers feel the pinch from Russian strikes
-
Nepal's hydropower ambitions face climate reality check
-
Japanese anime actor fights TikTok over AI voice cloning
-
Power cuts, rubble: millions come home to find Sudan's capital unlivable
-
Curtain falls on the romance of India's single-screen cinemas
-
Internationals keep Presidents Cup lead with late fightbacks
-
Smells like teen spirit as US thrash Peru 4-1
-
Tuchel to 'keep pushing' England to reach Spain's level
-
Cavy chaos: Hundreds attend New Zealand's biggest guinea pig show
-
Alcaraz saves match points to keep Europe ahead in Laver Cup
-
Venezuela releases more political prisoners after opposition talks
-
Spain success driven by hunger to improve, says De La Fuente
-
England's best 'for a long time' despite Spain defeat, says Kane
-
Lyon collapse at Stade Francais to suffer first Top 14 loss
-
Powerful storm pummels northeast US with rain, high winds
-
Oyarzabal and Spain sink England again as Modric shines for Croatia
-
Filmmaker Mike Leigh wins top prize at Spain festival with 'last film'
-
Housing protesters camp in central Madrid after mass demonstration
-
Spain beat England in Nations League to extend unbeaten run
-
Louise Trotter expands her palette at Bottega Veneta
-
Ireland squad vote to play Israel tie despite Gaza unease
-
Pope prays at Lourdes after huge Paris mass
-
Gutsy Vollering wins cycling road race world title
-
USA trims International lead after Presidents Cup four-balls
-
Vollering wins cycling road race world title
-
Russia accuses Europe of blocking Ukraine talks, as strikes drag on
-
Man City's meteoric rise clouded by dark shadow
-
'He said hello': Families pray with pope on Paris avenue
-
Mbappe out for two weeks or more with knee injury say Real
-
Pope celebrates giant Paris mass, flies to Lourdes
-
Lyon collapse away to Stade and suffer first Top 14 loss
-
Thousands march in Madrid over eviction of 87-year-old woman
-
Russia accuses Europe of seeking to thwart Ukraine talks
-
England women back to winning ways with last-gasp defeat of New Zealand
-
Man City chairman defiant over reported Premier League charges
-
Trump rejects Iran proposal for deal to reopen Hormuz
-
Germany ready to 'walk through fire' for Klopp, says Tah
-
England's Cox says injured Buttler leaves 'big shoes to fill'
-
At least 16 killed in Russian and Ukrainian strikes
Toyota says replacing Akio Toyoda as president and CEO
Toyota named Koji Sato as its new president, CEO, and operating officer Thursday, replacing third-generation chief executive Akio Toyoda -- who will become board chairman.
The Japanese car giant, currently the world's top-selling automaker, said in a statement that the changes to its executive structure will be effective from April 1.
Toyoda, 66, became Toyota's youngest president in 2009, as the firm returned to its family foundations after the global financial crash.
He is the grandson of company founder Kiichiro Toyoda. His father Shoichiro Toyoda also led Toyota in the 1980s and 90s.
After a bumpy start at the helm, he became known as a charismatic leader tasked with navigating a period of major upheaval for the auto industry.
He steered the group through a quality-control scandal that saw him apologise before the US Congress, and supply chain chaos caused by Japan's 2011 quake and tsunami.
More recently, he has worked to strengthen Toyota's ambitions in the key electric vehicle sector.
Incoming president Sato, 53, was previously the company's chief branding officer, and president of its luxury Lexus brand.
F.Pavlenko--BTB
