Toyota Motor Corporation (TMC) announced that it intends to implement changes to its executive structure effective April 1, 2023, and changes to its Board of Directors effective the date of its 119th Ordinary General Shareholders’ Meeting.
Takeshi Uchiyamada will resign from his post as Chairman of the Board of Directors. Akio Toyoda will be appointed the new chairman and Koji Sato the new president and Chief Executive Officer.
The 119th Ordinary General Shareholders’ Meeting will officially approve the appointment of the Board of Directors’ members. In the same meeting, the resignation of board members leaving their current positions will become official. Following the meeting, a board of directors meeting will elect the board members (representative directors) who have the authority to represent TMC.