Toyota to replace Akio Toyoda as president and CEO


Koji Sato (left) will replace Akio Toyoda (right) as Toyota CEO on April 4. - Reuters

TOKYO (AFP): Toyota named Koji Sato president and CEO on Thursday (Jan 26), in a surprise reshuffle that sees third-generation chief executive Akio Toyoda step aside to become board chairman of the world's top-selling automaker.

The Japanese automaker said Sato, 53, would also become operating officer when the changes to its executive structure take effect on April 1.

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Japan , Toyota , CEO , Koji Sato , Akio Toyoda

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