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Stock impact report

Toyota promotes finance chief Kenta Kon as CEO in second leadership change in 3 years [MSNBC.com]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Company Research Source: MSNBC.com
Toyota MotorThe 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 astatementIn the new role, Kon is also expected to leverage his roles as chairman of the Japan Automobile Manufacturers Association and as vice chair of Keidanren, Japan's most influential business lobby.Executive Vice President Yoichi Miyazaki will take over Kon's position as CFO.Toyota plans to make further board changes in June 2026, with Kon joining as a director and Sato resigning from his board seat. Sato had been appointed CEO in 2023, succeeding longtime leader Akio Toyoda.Toyota said the leadership changes are aimed at speeding up decision-making amid industry challenges and bolstering its transformat Show less Read more
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