Toyota City, Japan, February 13, 2023―Toyota Motor Corporation (TMC) announced today that it intends to implement changes to its executive structure and senior professional/senior management employees effective March 1 and April 1, 2023, and changes to its Board of Directors effective the date of its 119th Ordinary General Shareholders' Meeting as described below.

TMC announced on January 26, 2023 that Chairman Takeshi Uchiyamada will resign his post, President Akio Toyoda will be appointed chairman, and Operating Officer Koji Sato will be appointed president, effective April 1, 2023.

At the time of the announcement in January, Operating Officer Sato expressed his resolve in assuming the post of president, saying, "Our new team's theme is 'inheritance and evolution'. We will implement product-centered and region-centered management while valuing the philosophy of our company's founding and will endeavor to fully redesign Toyota into a mobility company. Making ever-better cars and being the best car company in town are exactly the values that Toyota must hold. With these values so deeply instilled in the company by President Toyoda over the past 13 years, what the new team must do is push implementation at greater speed."

The new structure that is to implement product-centered and region-centered management led by incoming President Sato is as follows.

Operating Officer structure effective April 1

♦ denotes change to responsibility (does not include organizational name changes)*denotes newly appointed
Name Current New
Koji Sato
  • Chief Branding Officer
  • Lexus International Co. (President)
  • Gazoo Racing Company (President)
  • President
  • Chief Executive Officer
* Hiroki Nakajima
  • Mid-size Vehicle Company (President)
  • CV Company (President)
  • Executive Vice President
  • Chief Technology Officer
  • Mid-size Vehicle Company (President)
  • CV Company (President)
Yoichi Miyazaki
  • Chief Competitive Officer
  • Business Planning & Operation (President)
  • Executive Vice President
  • Chief Financial Officer
  • Chief Competitive Officer
  • Business Planning & Operation (President)
* Tetsuo Ogawa
  • North America Region (Chief Executive Officer)
  • Toyota Motor North America
  • North America Region (Chief Executive Officer)
  • Toyota Motor North America
* Tatsuro Ueda
  • China Region (Chief Executive Officer)
  • Toyota Motor (China) Investment Co., Ltd.
  • China Region (Chief Executive Officer)
  • Toyota Motor (China) Investment Co., Ltd.
  Jun Nagata
  • Chief Communication Officer
  • External & Public Affairs Group (Chief Officer)
  • Chief Communication Officer
  • External & Public Affairs Group (Chief Officer)
* Simon Humphries
  • Vehicle Development Center
    • Design Field (Senior General Manager)
  • Chief Branding Officer
  • Vehicle Development Center
    • Design Field (Senior General Manager)
* Kazuaki Shingo
  • Toyota Compact Car Company (President)
  • Chief Production Officer
  • Toyota Compact Car Company (President)

TMC's three current executive vice presidents―Kenta Kon, Masahiko Maeda, and Masanori Kuwata―are to be frontline leaders to speedily implement the following three key business themes set forth by the new structure.

Name Key business themes and executive vice presidents' roles in them
  Kenta Kon
Woven
Accelerating Arene development, Woven City, and other initiatives as full-time Chief Financial Officer of Woven by Toyota, Inc.*
  Masahiko Maeda
Asian strategy
Leading social implementation projects related to carbon neutrality and CASE technologies to promote a new Asian region strategy as Asian Region Chief Executive Officer
  Masanori Kuwata
Electrification
Leading Lexus' business strategy toward achieving a 100% BEV lineup by 2035 as Chief Project Leader and promoting the restructuring of the vehicle production system in Kyushu with a focus on BEVs as Executive Vice President of Toyota Motor Kyushu Co., Ltd.
* Woven Planet Holdings, Inc. will change its name to Woven by Toyota, Inc. on April 1, 2023.

The details of other executive and senior professionals/senior management changes and the structure of the Board of Directors as of the date of the 119th Ordinary General Shareholders' Meeting are as follows.

  1. Executive changes effective March 1

Changes in areas of responsibility for executives

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

  1. Senior professionals/senior management (Senior General Manager level and above), effective March 1

  1. New senior professionals/senior management (Senior General Manager level and above)

Name Current title
  Takashi Watanabe
  • Lexus International Co.
    • Lexus Electrified Development Div. (General Manager)
  Tomoya Takahashi
  • GAZOO Racing Company
    • GR Vehicle Development Div. (General Manager)

  1. Resigning senior professionals/senior management (Senior General Manager level and above)

Name Current title
  Osamu Sadakata
  • Customer First Promotion Group
    • In charge of Valuechain (Parts & Accessory) development & evaluation (Chief Project Leader)

  1. Changes in areas of responsibility for senior professionals/senior management (Senior General Manager level and above)

*denotes newly appointed
Name Current New
* Takashi Watanabe
  • Lexus International Co.
    • Lexus Electrified Development Div. (General Manager)
Lexus International Co. (President)
* Tomoya Takahashi
  • GAZOO Racing Company
    • GR Vehicle Development Div. (General Manager)
GAZOO Racing Company (President)

  1. Executive changes effective April 1

  1. Changes in areas of responsibility for executives

Name Current New
  James Kuffner
  • Member of the Board of Directors
  • Operating Officer
  • Chief Digital Officer
  • Advanced R&D and Engineering Company
  • Woven Planet Holdings, Inc.
    • Member of the Board of Directors (Representative Director)
    • Chief Executive Officer
  • Member of the Board of Directors
  • Woven by Toyota, Inc.*1
    • Member of the Board of Directors (Representative Director)
    • Chief Executive Officer
  Kenta Kon
  • Member of the Board of Directors
  • Operating Officer (Executive Vice President)
  • Chief Financial Officer
  • Woven Planet Holdings, Inc.
    • Member of the Board of Directors (Representative Director)
    • Chief Financial Officer
  • Member of the Board of Directors
  • Woven by Toyota, Inc.*1
    • Member of the Board of Directors (Representative Director)*2
    • Chief Financial Officer
  Masahiko Maeda
  • Member of the Board of Directors
  • Operating Officer (Executive Vice President)
  • Chief Technology Officer
  • Toyota ZEV Factory (Chief Officer)
  • Vehicle Development Center (President)
  • Member of the Board of Directors
  • Asia Region (Chief Executive Officer)
  • China Region (Deputy Chief Executive Officer)
  • Toyota Motor Asia Pacific Pte Ltd.
  • Toyota Daihatsu Engineering & Manufacturing Co., Ltd.
  Masanori Kuwata
  • Operating Officer (Executive Vice President)
  • Chief Risk Officer
  • Chief Compliance Officer
  • Chief Human Resources Officer
  • Lexus International Co.
    In charge of Lexus electrification promotion project (Chief Project Leader)
  • Toyota Motor Kyushu, Inc. (Executive Vice President)
  Koji Kobayashi
  • Operating Officer
  • Banto
  • Executive Fellow (Banto)
  • Chief Risk Officer
  • Chief Compliance Officer
  Keiji Yamamoto
  • Operating Officer
  • Chief Information & Security Officer
  • Chief Product Integration Officer
  • Digital Transformation Promotion Dept.
  • Information Systems Group
  • Connected Company (President)
  • Senior Fellow
  • Chief Information & Security Officer
  • Chief Product Integration Officer
  • Digital Transformation Promotion Dept.
  • Information Systems Group
  • Connected Company (President)
  Yumi Otsuka
  • Operating Officer
  • Chief Sustainability Officer
  • Senior Fellow
  • Chief Sustainability Officer
*1 Woven Planet Holdings, Inc. will change its name to Woven by Toyota, Inc. on April 1, 2023.
*2 The appointment of board members with the legal status to represent Woven by Toyota (representative directors) will be made at the board of directors meeting at Woven by Toyota, Inc. effective April 1.

  1. New Operating Officers

Name Current title
  Hiroki Nakajima
  • Mid-size Vehicle Company (President)
  • CV Company (President)
  Tetsuo Ogawa
  • North America Region (Chief Executive Officer)
  • Toyota Motor North America
  Tatsuro Ueda
  • China Region (Chief Executive Officer)
  • Toyota Motor (China) Investment Co., Ltd.
  Simon Humphries Design Field, Vehicle Development Center (Senior General Manager)
  Kazuaki Shingo Toyota Compact Car Company (President)

  1. Senior professionals/senior management (Senior General Manager level and above), effective April 1

  1. New senior professionals/senior management (Senior General Manager level and above)

Name Current title
  Takero Kato BYD TOYOTA EV TECHNOLOGY CO., LTD.
  Takahiro Ishijima Toyota ZEV Factory (Deputy Chief Officer)

  1. Resigning senior professionals/senior management (Senior General Manager level and above)

Name Current title
  Seiya Nakao China Region (Project General Manager)

  1. Changes in areas of responsibility for senior professionals/senior management (Senior General Manager level and above)

*denotes newly appointed
Name Current New
* Takero Kato BYD TOYOTA EV TECHNOLOGY CO., LTD. Vehicle Development Center (President)
  Yoshihiro Nakata
  • Europe Region (Deputy Chief Executive Officer)
  • Toyota Motor Europe NV/SA
  • Europe Region (Chief Executive Officer)
  • Toyota Motor Europe NV/SA
* Takahiro Ishijima Toyota ZEV Factory (Deputy Chief Officer) Toyota ZEV Factory (Chief Officer)
  Takanori Azuma General Administration & Human Resources Group (Chief Officer)
  • Chief Human Resources Officer
  • General Administration & Human Resources Group (Chief Officer)
  Hao Tien
  • Sales Financial Business Group (Deputy Chief Officer)
  • Asia Region (Chief Executive Officer)
  • Toyota Motor Asia Pacific Pte Ltd.
  • Toyota Daihatsu Engineering & Manufacturing Co., Ltd.
  • Sales Financial Business Group (Deputy Chief Officer)
  • Asia Region (Deputy Chief Executive Officer)
  • Toyota Motor Asia Pacific Pte Ltd.
  • Toyota Daihatsu Engineering & Manufacturing Co., Ltd.
  Matthew Harrison
  • Europe Region (Chief Executive Officer)
  • Toyota Motor Europe NV/SA
  • Europe Region (Deputy Chief Executive Officer)
  • Toyota Motor Europe NV/SA
  Yoshiyuki Yamashita Japan Sales Business Group (Deputy Chief Officer)
  • Chief Digital Officer
  • Japan Sales Business Group (Deputy Chief Officer)

  1. 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 Members of the Board of Directors

Name Current title
  Hiroki Nakajima
  • Mid-size Vehicle Company (President)
  • CV Company (President)
  Yoichi Miyazaki
  • Operating Officer
  • Chief Competitive Officer
  • Business Planning & Operation (President)
  Simon Humphries Design Field, Vehicle Development Center (Senior General Manager)

Members of the Board of Directors Resigning Posts

Name Current title
  James Kuffner*1
  • Member of the Board of Directors
  • Operating Officer
  Kenta Kon*2
  • Member of the Board of Directors
  • Operating Officer (Executive Vice President)
  Masahiko Maeda*3
  • Member of the Board of Directors
  • Operating Officer (Executive Vice President)
*1 Continuing as Member of the Board of Directors (Representative Director) and Chief Executive Officer of Woven by Toyota, Inc.
*2 Continuing as Member of the Board of Directors (Representative Director) and Chief Financial Officer of Woven by Toyota, Inc.
*3 Continuing as Chief Executive Officer of Asia Region and Deputy Chief Executive Officer China Region, etc.

Remarks by incoming President Koji Sato for the press conference on the new management team structure from April 1, 2023

  1. Thoughts on the 13 years of President Toyoda's management

Hello, I am Koji Sato. Thank you very much for joining us today on such short notice.

First, I would like to express my deepest sympathies to the victims of the earthquake in Turkey and Syria and offer my prayers for the souls of those who lost their lives.

Today, I would like to explain our new management team structure from April.

The theme of this new structure is "inheritance and evolution."

What we should inherit is the product-centered and region-centered management that President Toyoda has built over the past 13 years.

Over this period, our introduction of the Toyota New Global Architecture and an in-house company system has enabled us to make better cars and improve development efficiency.

Leveraging this car-making foundation and promoting efforts to become a best-in-town carmaker has brought global balance to our business structure.

Our break-even volume has improved by more than 30% since the global financial crisis, thanks to the manufacturing reforms and structural strengthening that we have been working on with suppliers.

And our greatest asset of all is the value of "Let's make ever-better cars" that pervades Toyota.

Being vehicle-based, not function based...
Going into action at the genba, not sitting and debating...
Working hard to put smiles on our customers' faces...

I believe that Toyota has changed into a company that values the origins of car-making and can be called a true carmaker.

Starting in April, our new management team will put this "Akio Toyoda Management" into practice.

  1. Three car-making themes

The evolution for which our new management team aims is to transform Toyota into a mobility company. We will do so under three car-making themes. They are: Electrification, Intelligence, Diversification.

  1. Electrification

First is electrification. Energy is what sustains our lives.

Toyota must create cars with energy security in mind and contribute to achieving a carbon-neutral society.

The energy situation varies around the world. We want to stay in tune with customers around the world and provide diverse options.

That is why we will continue an omni-directional approach without wavering from our multi-pathway.

In that multi-pathway, battery electric vehicles, or BEVs, are also an important option.

Under Master Driver Toyoda, we have been preparing to create BEVs unique to Toyota and Lexus. Through these efforts, we have come to see the kind of BEVs we are aiming for.

Now that the time is right, we will accelerate BEV development with a new approach.

Specifically, we will develop next-generation BEVs for Lexus brand by 2026, with everything from the battery and platform to how a car is built optimized for BEVs, while expanding our current BEV lineup.

  1. Intelligence

Second is intelligence. With more interactive cars, we will make them safer, more comfortable, and more enjoyable.

I believe that there is vehicle intelligence that only a carmaker can achieve.

A vast amount of information flows through a car, including driver operation and tire condition. With such, there is a wealth of information that only a carmaker can put to use.

By listening to what cars have to say, and by controlling information to a higher, more integrated degree, we can increase the value of cars in a way that is tailored to each customer, such as by improving fuel efficiency, optimizing ride quality, and supporting safe driving.

The software platform Arene will help us to achieve that world. Arene will also lead to new services through collaboration with dealers and apps.

We will continue to work on making cars intelligent through both hardware and software.

  1. Diversification

Third is diversification. Toyota operates all over the world. Customers' diverse needs and values vary by region and generation. That is why we need diverse options in terms of both products and services.

Take for example the IMV 0 concept vehicle that we unveiled in Thailand last year. By prioritizing ease of customization, we are directly addressing the needs of customers who use pickup trucks in their work.

As a global company with full lineups, we will advance car-making that is in tune with regions and meets diverse needs.

  1. Three priority business themes

To realize these three themes, our new management team will prioritize three business pillars.

The first is business reform starting with next-generation BEVs.

To deliver attractive BEVs to more customers, we must streamline the structure of the car, and―with a BEV-first mindset―we must drastically change the way we do business, from manufacturing to sales and service. Lexus will lead this transformation.

The second is strengthening our Woven initiatives.

Woven's mission is to consider, together with Toyota, the shape that mobility, including social infrastructure, should take to create a new mobility society.

It also plays an important role in promoting our concept of vehicle intelligence.

That is why, more than ever, Toyota and Woven will unite to accelerate the development of Arene and strongly pursue demonstration tests in the mobility test course city of Woven City.

And the third is achieving carbon neutrality in Asia.

We will promote demonstrations of electrification and mobility through cross-industry and cross-border collaboration based on a cornerstone partnership with the Charoen Pokphand Group, which is Thailand's largest private-sector company.

Our new management team will develop specific initiatives for these three pillars.

  1. New management team

The hallmark of our management as a team, like a soccer team, will be flexibility in changing formation. Underlying this are the concepts of having the right person in the right place and emphasizing roles over titles.

First, the three executive vice presidents, who have studied management close to the president, will take the lead on the front lines of our three priority businesses.

Executive Vice President Kon, serving as Woven by Toyota's dedicated CFO, will work with CEO Kuffner to advance Woven's breakthrough transformation.

Executive Vice President Maeda, serving as chief executive officer of our Asia Region, will explore carbon-neutral paths for emerging countries and lead our new Asia strategy under the theme of social implementation of CASE technologies.

Executive Vice President Kuwata, as executive vice president of Toyota Motor Kyushu, will promote Lexus' BEV business strategy and the restructuring of the production system in Kyushu, where we have a dedicated Lexus plant.

Our operating officers, centered on in-house company presidents and regional chief officers, will be in charge of implementing product-centered and region-centered management.

New executive vice presidents Hiroki Nakajima and Yoichi Miyazaki will each oversee work on the two axes of products and regions.

Tetsuo Ogawa, North American Region CEO, and Tatsuro Ueda, China Region CEO, will lead region-centered management as new operating officers, and Simon Humphries will lead brand creation as the new chief branding officer.

Kazuaki Shingo, the president of the in-house Toyota Compact Car Company, will promote the creation of a competitive production system.

Operating Officer Jun Nagata will continue to lead communication with stakeholders, which is the foundation for all efforts.

And I believe that my role, as president, will be to maximize the strength of our team as captain.

I will listen carefully to the opinions of those on the front lines and unite our team while making the most of the diverse personalities of its leaders.

  1. Lastly

Many of our new management team members, including myself, were still at the manager or assistant manager level when President Toyoda took office.

Over the past 13 years, by taking on many challenges and experiencing many failures on the front lines, we have continued to learn from various perspectives the values of making ever-better cars and being the best carmaker in town.

Thanks to that, at Toyota, we now have many people capable of managing the company. That is why, as we apply one-team management, we will go full strength in engaging in "inheritance and evolution".

We would like to ask for everyone's warm guidance and support.

Thank you very much.

Sustainable Development Goals

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.

SDGs Initiatives
https://global.toyota/en/sustainability/sdgs/

DOWNLOADS (VIDEOS)

Press Conference on Toyota's New Management Team Structure from April 1, 2023
Press Conference on Toyota's New Management Team Structure from April 1, 2023

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View with caption
  • (Left to right) Kazuaki Shingo, Yoichi Miyazaki, Koji Sato, Hiroki Nakajima, Simon Humphries
    (Left to right) Kazuaki Shingo, Yoichi Miyazaki, Koji Sato, Hiroki Nakajima, Simon Humphries
  • (Left to right) Kazuaki Shingo, Yoichi Miyazaki, Koji Sato, Hiroki Nakajima, Simon Humphries
    (Left to right) Kazuaki Shingo, Yoichi Miyazaki, Koji Sato, Hiroki Nakajima, Simon Humphries
  • (Left to right) Kazuaki Shingo, Yoichi Miyazaki, Koji Sato, Hiroki Nakajima, Simon Humphries
    (Left to right) Kazuaki Shingo, Yoichi Miyazaki, Koji Sato, Hiroki Nakajima, Simon Humphries
  • (Left to right) Kazuaki Shingo, Yoichi Miyazaki, Koji Sato, Hiroki Nakajima, Simon Humphries
    (Left to right) Kazuaki Shingo, Yoichi Miyazaki, Koji Sato, Hiroki Nakajima, Simon Humphries
  • Koji Sato
    Koji Sato
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    Koji Sato
  • Koji Sato
    Koji Sato
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    Koji Sato
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    Koji Sato
  • Koji Sato
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  • Q&A Session
    Q&A Session
  • Q&A Session
    Q&A Session
  • Koji Sato
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    Koji Sato
  • Hiroki Nakajima
    Hiroki Nakajima
  • Yoichi Miyazaki
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  • Simon Humphries
    Simon Humphries
  • Kazuaki Shingo
    Kazuaki Shingo
  • Venue Image
    Venue Image
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DOWNLOADS (PDF):
Bio of the New Management Team's Operating Officers

Hiroki Nakajima
Hiroki Nakajima
Tetsuo Ogawa
Tetsuo Ogawa
Tatsuro Ueda
Tatsuro Ueda
Simon Humphries
Simon Humphries
Kazuaki Shingo
Kazuaki Shingo

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