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Toyota Changes CFO, Top-Ranking Foreigner Resigns in Shuffle

Toyota Motor President Akio Toyoda Speaks After 4Q Earnings Announcement
Photographer: Kiyoshi Ota/Bloomberg
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Toyota Motor Corp. replaced its chief financial officer and a high-ranking foreigner stepped down as part of a management shuffle at the Japanese automotive giant.

Kenta Kon, chief officer at the accounting group, will also be CFO, replacing Koji Kobayashi, who will stay on as chief risk officer, Toyota said Tuesday in a statement. Didier Leroy, who was once cited as a potential chief executive officer candidate for Renault SA, will resign as executive vice president as the role is being abolished but he’ll stay on as a director. The changes go into effect April 1.