Toyota CEO Akio Toyoda steps down

By Associated Press

Jan 28, 2023 12:09 am

TOKYO: Toyota set up a new leadership team Thursday in what the Japanese automaker said was a move to stay abreast of social changes like electrification and becoming a wider 'mobility company.'

Chief Executive Officer (CEO) and President Akio Toyoda, grandson of the company's founder, will become chairman. He was prominent in the announcement and appeared to be still very much in control.

SHIFTING GEARS Toyota Motor Corp. Chief Executive Akio Toyoda onstage at the Tokyo Auto Salon on Jan. 13, 2023. Toyoda stepped down as company CEO and president, and will become chairman. AP PHOTO

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