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TOYOTA NAMES FORMER SECRETARY OF CHAIRMAN TOYODA AS NEXT CEO

  • NEWS Desk Global
  • 1 day ago
  • 1 min read

Toyota on Friday named finance chief Kenta Kon, a close ally and former secretary of Chairman Akio Toyoda, as its next chief executive to steer the world's biggest automaker as competition from fast-moving Chinese rivals intensifies.

The surprise move will see CEO Koji Sato step down on April 1 after just three years at the helm to become vice chairman and take on the newly created role of chief industry officer.

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