Akio Toyoda Leaving as President/CEO: A Move that Could Impact the Pace of Electrification at Toyota

January 26, 2023

• Toyota President and CEO Akio Toyoda will step aside on April 1.

• Under his leadership, Toyota remained committed to hybrid vehicles ahead of full-on electrification.

• Koji Sato, 53, currently president of Lexus and Gazoo Racing, will take his place.

• Toyoda will become chairman of the board of directors at Toyota.

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