Toyota Motor Corporation (TM), Friday announced that Kenta Kon, Operating Officer, will assume the position of President and Chief Executive Officer, effective April 1, 2026, focusing more on internal company management.
Meanwhile, Koji Sato, President and Member of the Board of Directors, will assume the position of Vice Chairman and the newly established role of Chief Industry Officer.
The changes in executive structure is intended to accelerate management decision-making in response to changes in the internal and external environment.
In the pre-market hours, RM is trading at $243.80, up 2.66 percent on the New York Stock Exchange.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.