Akio Toyoda set to remain a force at Toyota, even as he bows out


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

TOKYO: Toyota Motor Corp chief Akio Toyoda is set to remain a dominant force inside the world's largest automaker for years to come, and will continue to influence the agenda after stepping down in April, experts and people familiar with the firm said.

The 66-year-old Toyoda on Thursday announced he would step aside as leader of the company his grandfather founded from April 1 to take the role of chairman. He will hand over to Koji Sato, the 53-year-old head of Toyota's luxury Lexus brand.

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