Toyota taps Lexus head Koji Sato as new CEO; Akio Toyoda becomes chairman

Koji Sato 900x540.jpg — Koji Sato, shown at this year's Toyko auto show, will become Toyota CEO on April 1. (Reuters)

January 26, 2023 07:11 AM

TOKYO – Toyota Motor Corp. has tapped Koji Sato, the head of Lexus and the Gazoo Racing unit, to be the Japanese automaker’s next president and CEO, as Akio Toyoda, grandson of the company’s founder, steps up to be the company’s new chairman.

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