Toyota taps Lexus head Koji Sato as new CEO; Akio Toyoda becomes chairman

Toyota Koji Sato — Koji Sato on stage at the Tokyo Auto Salon 2023 in January. (REUTERS)

January 26, 2023 07:11 AM

TOKYO – Toyota has picked Koji Sato, the head of Lexus and the Gazoo Racing unit, to be the automaker’s next president and CEO, as Akio Toyoda, grandson of the company’s founder, steps up to be the company’s new chairman.

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