Toyota’s president, Akio Toyoda, shocked the automotive world this week by saying he would resign his place and hand the reins over to Koji Sato, who presently helms the corporate’s Lexus and Gazoo Racing divisions.
However Toyoda isn’t going far. The 66-year-old isn’t retiring outright, however as an alternative retiring to the boardroom, the place he’ll take over the position of chair.
Insiders aren’t anticipating Toyoda to be hands-off, both. One government mentioned that Toyoda was about to embark on a interval of “cloister rule,” a interval in Japan’s historical past the place the emperor retired to a monastery with out truly ceding energy.
If that’s the case, then the shakeup in Toyota Metropolis won’t be a lot of a shakeup in any respect.
