There’s been a shake-up at the top of Toyota. Well, as much of a shake-up as the stoically run automotive juggernaut is willing to project.
Sixty-six-year-old Akio Toyoda is stepping down from his role as president and CEO of Toyota Motor Co. after 13 years and will move to the chairmanship of Toyota’s board of directors. Akio Toyoda is the grandson of the founder, Kiichiro Toyoda, which illustrates the relatively young age of the hugely successful car manufacturer.
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