Hiroshi Okuda, chairman and president of Toyota Motor Corp., has stepped down according to The Japan Times.
Okuda held both positions for the past 11 years. Under his leadership, Toyota, already the number one automaker in Japan, has gained enough momentum to surpass U.S. automaker General Motor sometime this year. Besides his duties at Toyota, Okuda is also on several governmental panels in Japan such as the Council on Economic and Fiscal Policy and was chairman of the powerful business lobby Nippon Keidanren until last month.

Vice Chairman Fujio Cho will assume Okuda's position as chairman while Katsuaki Watanabe will assume the office of President. Okuda will continue with Toyota as a director as well as an adviser to Watanabe.

Related:
General Motors is in trouble, says Toyota chairman
Toyota chairman predicts government hand-out for GM
Toyota contradicts 'helping US' comments
Toyota could hike prices

[Source: The Japan Times]


From Our Partners

You May Like
Links by Zergnet
Share This Photo X