Toyota's Akio Toyoda Steps Down as CEO and President, Lexus Boss Koji Sato Takes His Place

The world’s largest automaker starts 2023 with a big change – the CEO (who is also the president) is being replaced. Akio Toyoda confirmed he’s going to leave the active management part to someone else. That someone else is Lexus boss Koji Sato. He is going to replace Toyoda starting April 1. Here’s what you need to know. Akio Toyoda is stepping down from his role as CEO and president of Toyota. How... (continue reading...)