Jan. 26, 2023

TMC Announces Changes to Executive Structure

News Release Organizational and Personnel Information

Toyota City, Japan, January 26―Toyota Motor Corporation (TMC) announced today that it intends to implement changes to its executive structure effective April 1, 2023, and changes to its Board of Directors effective the date of its 119th Ordinary General Shareholders' Meeting as described below.

Changes to executive structure effective April 1, 2023

Takeshi Uchiyamada will resign from his post as Chairman of the Board of Directors. Akio Toyoda will be appointed the new chairman and Koji Sato the new president and Chief Executive Officer.

Changes in areas of responsibility for executives

	Current	New
Akio Toyoda	President, Member of the Board of Directors (Representative Director) Operating Officer Chief Executive Officer	Chairman of the Board of Directors (Representative Director)
Takeshi Uchiyamada	Chairman of the Board of Directors (Representative Director)	Member of the Board of Directors (Representative Director)
Koji Sato	Operating Officer Chief Branding Officer Lexus International Co. (President) GAZOO Racing Company (President)	Operating Officer President Chief Executive Officer

Changes to the Board of Directors effective the date of the 119th Ordinary General Shareholders' Meeting

The formal appointment of members of the Board of Directors will be formalized after approval at the 119th Ordinary General Shareholders' Meeting. The formal assignment of board members with specific titles, and the appointment of board members with the legal status to represent TMC (representative directors), will be made at the board of directors meeting following the 119th Ordinary General Shareholders' Meeting. The resignation of board members leaving their current posts will become official on the day of the 119th Ordinary General Shareholders' Meeting.

New Member of the Board of Directors

Name		Current Title
	Koji Sato	Operating Officer Chief Branding Officer Lexus International Co. (President) GAZOO Racing Company (President)

Member of the Board of Directors Resigning Post

Name		Current Title
	Takeshi Uchiyamada	Chairman of the Board of Directors (Representative Director)

For more on this executive structure change, please watch the Toyota Times News program to be broadcast live on YouTube at 4:00 p.m. (Japan time) today.

Toyota Times: https://toyotatimes.jp/en/

https://youtu.be/kUaoKgCnFOc

Executive Bio - Koji Sato

Toyota Motor Corporation works to develop and manufacture innovative, safe and high-quality products and services that create happiness by providing mobility for all. We believe that true achievement comes from supporting our customers, partners, employees, and the communities in which we operate. Since our founding over 80 years ago in 1937, we have applied our Guiding Principles in pursuit of a safer, greener and more inclusive society. Today, as we transform into a mobility company developing connected, automated, shared and electrified technologies, we also remain true to our Guiding Principles and many of the United Nations' Sustainable Development Goals to help realize an ever-better world, where everyone is free to move.