Toyota appoints new CEO to lead transition into electrified mobility

Outgoing Toyota chief executive Akio Toyoda has admitted “a carmaker is all that I am” as the Japanese carmaker revealed a new CEO to lead its transition to becoming a mobility business.

Toyoda addressed a press briefing yesterday morning (January 26) in which the OEM giant named  Koji Sato, the head of Lexus and the Gazoo Racing unit, as its next president and CEO.

In changes effective from April 1 Toyoda will become Toyota chairman as Takeshi Uchiyamada steps aside, but retains a seat on the board.