John Conomos, Toyota of Australia's executive chairman has announced that he will be retiring, effective June 23. The 63-year-old won't disappear from the company's offices entirely, however-- he will be taking a lesser role as chair emeritus and 'principal policy advisor.'

Interestingly, the position had been created just for Conomos, so Toyota has no plan to install a direct replacement, though his duties as managing officer will be picked up by someone at the company's yearly shareholder meeting in June.

Conomos first began working for the automaker in 1981.

[Sources: The Red Book AU; Toyota AU]