Toyota names new CEO
The Peninsula
Tokyo: Toyota has named a new CEO to accelerate decision making, the Japanese auto giant said Friday as its profit and sales forecasts are made publ...
Tokyo: Toyota has named a new CEO to "accelerate" decision-making, the Japanese auto giant said Friday as its profit and sales forecasts are made public for the current fiscal year despite the impact of US tariffs.
Current finance chief Kenta Kon will take over from chief executive Koji Sato on April 1 after three years in charge, the firm said.
"This change in roles is intended to accelerate management decision-making in response to changes in the internal and external environment," Toyota said.
The move would also help "establish a structure that will enable Toyota to fully carry out its mission of contributing to society through industry", it added.
The announcement came as the firm expects to see net profit of 3.57 trillion yen ($22.8 billion) for the year ending in March, down 25.1 percent year-on-year but up from the 2.93 trillion yen previously anticipated.
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