Toyota names CFO Kenta Kon as CEO in second leadership change in 3 years [CNBC]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
Company Research
Source: CNBC
The automaker raised its profit outlook despite pressure from U.S. tariffs. In this article A Toyota dealership is seen on November 19, 2025 in Austin, Texas. Brandon Bell | Getty Images Toyota Motor announced Friday that Chief Executive Officer Koji Sato will step down and be replaced by its Chief Financial Officer, Kenta Kon, marking the automaker's second CEO transition in three years. The leadership shakeup will take effect on April 1, with Sato assuming the position of vice chairman and a newly created role as chief industry officer. “Under this new leadership structure, Sato will focus on the broader industry, including Toyota, as Vice Chairman and CIO, while Kon will focus on internal company management as President and CEO,” the company said in a statement Board adjustments will also come in June 2026, with Kon joining as a director and Sato resigning from his board seat. Sato was appointed CEO in 2023, succeeding Akio Toyoda. Shares rose about 1.5% following
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