Toyota Replaces Third-Generation Chief Executive Akio Toyoda With Koji Sato

Toyota said the changes to its executive structure will be effective from April 1. (File)

Tokyo:

Toyota on Thursday named Koji Sato as its new president, CEO, and operating officer, replacing third-generation chief executive Akio Toyoda — who will become board chairman.

The Japanese car giant said the changes to its executive structure will be effective from April 1.

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