Toyota Motor Corporation (TMC) has announced changes to its executive structure and senior professional/senior management employees effective March 1 and April 1, 2023, respectively.

It also announced its intention to implement changes to its Board of Directors effective the date of its 119th Ordinary General Shareholders’ Meeting.

The new structure is to implement product-centered and region-centered management led by incoming President Sato.

TMC announced on January 26 that Chairman Takeshi Uchiyamada will resign from his post, President Akio Toyoda will be appointed chairman, and Operating Officer Koji Sato will be appointed president, effective April 1, 2023.

At the time of the announcement in January, Operating Officer Sato expressed his resolve in assuming the post of president, saying, “Our new team’s theme is ‘inheritance and evolution’. We will implement product-centered and region-centered management while valuing the philosophy of our company’s founding and will endeavor to fully redesign Toyota into a mobility company.”