Toyota shareholders have endorsed a new leadership team led by Kenta Kon as chief executive officer, while former CEO Koji Sato has moved into the role of vice chairman and chief industry officer.
At Toyota Motor Corp.’s annual shareholders’ meeting today, investors approved Kon’s appointment to the board, marking his first annual meeting since taking over as president and CEO in April.
Shareholders also re-elected chairman Akio Toyoda and approved the re-election of four other directors.
Kon, previously Toyota’s chief financial officer, succeeded Sato under a management reshuffle announced in February.
The company said the new structure allows Sato to focus on broader industry responsibilities, including his role as chairman of the Japan Automobile Manufacturers Association, while Kon concentrates on Toyota’s day-to-day management and business performance.
Speaking after the meeting, Kon said Toyota would continue investing in growth areas such as artificial intelligence, robotics and its multi-pathway powertrain strategy.
The shareholder vote signals continued backing for Toyota’s leadership and strategic direction as the world’s largest automaker navigates industry transformation while building on strong demand for hybrid vehicles in key markets.
