Toyota CEO Sato to step down, to be replaced by CFO Kon
#Toyota #Kenta Kon #Koji Sato #Akio Toyoda #Automaker #CEO transition #Electric Vehicles #Operating Profit
📌 Key Takeaways
- CFO Kenta Kon will replace Koji Sato as Toyota CEO effective April 1, 2026.
- The move aims to strengthen financial management against rising competition from Chinese EV makers.
- Outgoing CEO Koji Sato will take on a new role as Chief Industry Officer and Vice Chairman.
- Toyota raised its annual profit forecast by 12% due to cost-cutting and a weak yen.
📖 Full Retelling
🏷️ Themes
Corporate Governance, Automotive Industry, Leadership
📚 Related People & Topics
Automotive industry
Organizations involved with motor vehicles
The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles. It is one of the world's largest industries by revenue with global automotive market at ~$2.75 trillion...
Akio Toyoda
Japanese business executive (born 1956)
Akio Toyoda (豊田 章男, Toyoda Akio; born 3 May 1956) is a Japanese business executive who is the chairman of Toyota. He was previously the company's president and chief executive officer (CEO). Toyoda is a grandson of the founder of Toyota Motors, Kiichiro Toyoda, and a great-grandson of both the indus...
Koji Sato
Topics referred to by the same term
Koji Sato or Kōji Satō may refer to: Koji Sato (actor) in live adaptation of Dive!!
Toyota
Japanese automotive manufacturer
Toyota Motor Corporation (Japanese: トヨタ自動車株式会社, Hepburn: Toyota Jidōsha kabushikigaisha; IPA: [toꜜjota], English: , commonly known as simply Toyota) is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on A...
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Connections for Automotive industry:
- 🌐 Electric vehicle (3 shared articles)
- 🌐 Earnings (1 shared articles)
- 🏢 Toyota (1 shared articles)
- 🌐 China (1 shared articles)
- 👤 Antonio Filosa (1 shared articles)
- 🏢 Stellantis (1 shared articles)
- 🌐 Write-off (1 shared articles)
- 🏢 Polestar (1 shared articles)
- 🌐 Europe (1 shared articles)
📄 Original Source Content
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Amazon stock slides 9% premarket as 2026 capex guidance blows past expectations Gold, silver prices log shaky gains after bruising week 3 reasons why Bitcoin is falling Amazon’s capex plans, Stellantis, Bitcoin’s fall - what’s moving markets (South Africa Philippines Nigeria) Toyota names close ally of chairman Toyoda as next CEO Stock Markets Published 02/06/2026, 12:12 AM Updated 02/06/2026, 03:54 AM Toyota names close ally of chairman Toyoda as next CEO 0 JP225 0.89% Argentinian Peso Japanese Yen 0.00% Japanese Yen Swiss Franc -0.01% Japanese Yen Euro -0.16% Japanese Yen British Pound -0.37% Japanese Yen US Dollar 0.00% 1211 1.15% 6201 1.66% 7203 2.00% By Daniel Leussink TOKYO, Feb 6 - Toyota on Friday named finance boss Kenta Kon, a close ally of Chairman Akio Toyoda, as its next chief executive, as the world’s largest automaker grapples with deepening competition from fast-moving Chinese rivals. The surprise move will see current CEO Koji Sato step down from April 1 after just three years at the helm to become vice chairman and take on the newly created role of chief industry officer. As chief financial officer, Kon is known for his ability to keep a tight lid on costs. He is also widely seen as the architect of a planned buyout of forklift subsidiary Toyota Industries . The deal, which would strengthen the Toyoda founding family’s control of the Toyota group, has been opposed by minority shareholders who have criticised it as lacking transparency and being greatly underpriced. Before rising through the ranks of the accounting department, Kon spent time as the head of the automaker’s secretarial department while Toyoda was CEO. Toyoda, the grandson of the automaker’s founder, was chief executive for almost a decade and a half before he named Sato as his successor. The announcement was made in tandem with the release of Toyota’s third-quarter earnings, where it boosted its outlook for full-year operating ...