Based in Japan, Toyota was one of the most successful automobile companies in the world for many years. Akio Toyoda, the grandson of founder Sakichi Toyoda, was the head of the company. With the statements made today, Toyoda announced that he will leave his post.
The 66-year-old businessman also confirmed this development. It was stated that Toyoda, who has been in the CEO position for 13 years, will continue to take place in the company as the Chairman of the Board of Directors. The person who will take Toyoda’s former seat will be Brand Manager Koji Sato.
“The new team can do things I can’t”
Toyoda, who has been in the lead since June 2009, has seen many events such as the economic crises and the chip crisis in recent years, since the brand is the world’s largest automobile company. The businessperson also made significant contributions to the company’s hybrid technologies, which revolutionized the industry.
“I thought the best way to further Toyota’s transformation was to elect a new CEO and have me become Chairman of the Board,” Toyoda said. This led to today’s decision. The new team can do things that I can’t. “When I look back, these 13 years have been a period of survival for me, one after the other,” he said.
Although Toyoda took important steps in hybrid technology, it was skeptical about switching to fully electric vehicles. The businessman emphasized last month that he did not find it right for brands to be completely electric, and that many different options such as hybrid and hydrogen should be offered to customers. This approach caused Toyota to produce less electric vehicles, unlike other companies.
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