Toyota’s New CEO Assembles Leadership Team for EV Future
- Koji Sato emphasizes importance of communicating strategy
- Akio Toyoda handing over reins on April 1, becomes chairman
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Toyota Motor Corp. unveiled several changes to its senior management as Koji Sato prepares to take over as chief executive officer, seeking to improve the carmaker’s strategy and messaging in the shift to an electric future and to take on Tesla Inc.
Hiroki Nakajima becomes chief technology officer and Yoichi Miyazaki will be chief financial officer from April 1, when Sato is slated to take over from Akio Toyoda, the Japanese automaker said in a statement Monday. Both executives will join the board of directors, along with newly appointed Chief Branding Officer Simon Humphries.