Mystery At Toyota's Top
The news that Fujio Cho, 62, is replacing Hiroshi Okuda, 66, as president of giant Toyota Motor Corp. doesn't clear up the mystery of what's going on in the carmaker's boardroom. The changes are bewildering. Cho, currently executive vice-president, moves up in June, when Okuda assumes the chairman's job. He replaces Shoichiro Toyoda, 74, who in turn becomes honorary chairman. Meanwhile, Eiji Toy-oda, 85, patriarch of the founding family, is named "supreme adviser."
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Fed Raises Rates, Eyes Three 2018 Hikes as Yellen Era Nears End
- These Guys Want to Lend You Money Against Your Bitcoin
- This Electric Truck Will Probably Beat Tesla’s to Market
- Bitcoin Points Way to ‘Massive Change’ for Commodity Businesses
- Disney Buys Fox Assets in $52 Billion Split of Murdoch Realm