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Electric challenge for Toyota's future boss


Akio Toyoda will give up his seat on April 1. He did not bet on electrification.

In Tokyo

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Akio Toyoda lets go of the steering wheel.

After fourteen years as CEO of

Toyota, the grandson of the founder of the eponymous group, sixth of the name at the head of the world's largest automaker, announced Thursday that he would give way on April 1 to take the influential but more honorary title of president.

He will be replaced by the "young" Koji Sato, 53, Chief Branding Officer and President of Lexus International.

Passionate about car racing, which he practices despite the fear of his shareholders and his collaborators, Akio Toyoda will have had his share of driving in heavy weather.

Eleventh president of the group, he resumed in 2009 the thread of family management, interrupted fourteen years earlier.



was not unanimous.

"For many people, I was not welcome

," he recalled Thursday.

But events would give him the opportunity to prove his worth.

That year, the manufacturer, hit by the financial crisis, suffered the first...

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Source: lefigaro

All business articles on 2023-01-26

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