January 26, 2023
Toyota City, Japan, January 26―Toyota Motor Corporation (TMC) announced today 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 as described below.
1. Changes to executive structure effective April 1, 2023
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.
Changes in areas of responsibility for executives
| Name | Current | New |
| Akio Toyoda | President, Member of the Board of Directors (Representative Director) Operating Officer Chief Executive Officer |
Chairman of the Board of Directors (Representative Director) |
| Takeshi Uchiyamada | Chairman of the Board of Directors (Representative Director) |
Member of the Board of Directors (Representative Director) |
| Koji Sato | Operating Officer Chief Branding Officer Lexus International Co. (President) GAZOO Racing Company (President) |
Operating Officer President Chief Executive Officer |
2. Changes to the Board of Directors effective the date of the 119th Ordinary General Shareholders’ Meeting
The formal appointment of members of the Board of Directors will be formalized after approval at the 119th Ordinary General Shareholders’ Meeting. The formal assignment of board members with specific titles, and the appointment of board members with the legal status to represent TMC (representative directors), will be made at the board of directors meeting following the 119th Ordinary General Shareholders’ Meeting. The resignation of board members leaving their current posts will become official on the day of the 119th Ordinary General Shareholders’ Meeting.
New Member of the Board of Directors
| Name | Current Title |
| Koji Sato | Operating Officer Chief Branding Officer Lexus International Co. (President) GAZOO Racing Company (President) |