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Akio Toyoda
Akio Toyoda (豊田 章男, Toyoda Akio; born 3 May 1956) is a Japanese business executive who is the chairman of Toyota. He was previously the company's president and chief executive officer (CEO). Toyoda is a grandson of the founder of Toyota Motors, Kiichiro Toyoda, and a great-grandson of both the industrialist, Sakichi Toyoda, and the founder of the Takashimaya department stores corporation, Shinshichi Iida.
On 1 April 2023, Toyoda stepped down as Toyota president and became chairman of the board. Toyota's chief branding officer and president of the Lexus division, Koji Sato, succeeded Toyoda as CEO.
Toyoda is the great-grandson of the Toyoda Automatic Loom Works founder Sakichi Toyoda, and grandson of Toyota Motor Corporation founder Kiichiro Toyoda. He was born 3 May 1956, in Nagoya, to Shoichiro Toyoda and Hiroko (née Mitsui). Toyoda's family line have long dominated the upper management of the family businesses since the days his carpenter-farmer great-great-grandfather, Ikichi Toyoda, taught his son fabrication and carpentry. Akio Toyoda was the chief contender for the family business when Katsuaki Watanabe was reassigned as Vice-Chairman in the wake of the quality control crisis.
Toyoda completed his undergraduate degree in law at Keio University and was awarded his Masters of Finance at Babson College, Massachusetts. He would join the family business in 1984.
As grandson of the company's founder, Toyoda joined Toyota's board of directors in 2000. In 2005, Toyoda was promoted to the position of executive vice president. In January 2009, it was announced that Toyoda was chosen as the forthcoming president of the company. On 23 June 2009, he was confirmed as the new president, along with four new executive vice presidents and eight new board members. The previous president and CEO Katsuaki Watanabe became vice chairman, replacing Katsuhiro Nakagawa.
In 2012, he was named Autocar's Man of the Year.
As an avid auto racing fan and driver himself, Toyoda has participated in several auto races under the pseudonym Morizo Kinoshita. At the 2009 24 Hours of Nürburgring, he finished 81st overall and third in class in a Lexus IS F, and 87th overall and fourth in class with a Lexus LF-A. At the 2014 24 Hours of Nürburgring, he finished 13th overall and first in class with a Lexus LF-A. At the 2019 24 Hours of Nürburgring, he finished 40th overall and third in class with a Toyota GR Supra GT4.
In 2016, Toyoda approved the project that would result in the GR Yaris; during the development of that car, Toyoda (as Morizo) served as a test driver. Morizo crashed the first test car during a mid-winter test drive at a Hokkaido track; after exiting the car on his own, he remarked that he did not "like the feel of it". As Morizo, Toyoda continued to drive development prototypes, and since the car's release, has campaigned the car in races.
Akio Toyoda
Akio Toyoda (豊田 章男, Toyoda Akio; born 3 May 1956) is a Japanese business executive who is the chairman of Toyota. He was previously the company's president and chief executive officer (CEO). Toyoda is a grandson of the founder of Toyota Motors, Kiichiro Toyoda, and a great-grandson of both the industrialist, Sakichi Toyoda, and the founder of the Takashimaya department stores corporation, Shinshichi Iida.
On 1 April 2023, Toyoda stepped down as Toyota president and became chairman of the board. Toyota's chief branding officer and president of the Lexus division, Koji Sato, succeeded Toyoda as CEO.
Toyoda is the great-grandson of the Toyoda Automatic Loom Works founder Sakichi Toyoda, and grandson of Toyota Motor Corporation founder Kiichiro Toyoda. He was born 3 May 1956, in Nagoya, to Shoichiro Toyoda and Hiroko (née Mitsui). Toyoda's family line have long dominated the upper management of the family businesses since the days his carpenter-farmer great-great-grandfather, Ikichi Toyoda, taught his son fabrication and carpentry. Akio Toyoda was the chief contender for the family business when Katsuaki Watanabe was reassigned as Vice-Chairman in the wake of the quality control crisis.
Toyoda completed his undergraduate degree in law at Keio University and was awarded his Masters of Finance at Babson College, Massachusetts. He would join the family business in 1984.
As grandson of the company's founder, Toyoda joined Toyota's board of directors in 2000. In 2005, Toyoda was promoted to the position of executive vice president. In January 2009, it was announced that Toyoda was chosen as the forthcoming president of the company. On 23 June 2009, he was confirmed as the new president, along with four new executive vice presidents and eight new board members. The previous president and CEO Katsuaki Watanabe became vice chairman, replacing Katsuhiro Nakagawa.
In 2012, he was named Autocar's Man of the Year.
As an avid auto racing fan and driver himself, Toyoda has participated in several auto races under the pseudonym Morizo Kinoshita. At the 2009 24 Hours of Nürburgring, he finished 81st overall and third in class in a Lexus IS F, and 87th overall and fourth in class with a Lexus LF-A. At the 2014 24 Hours of Nürburgring, he finished 13th overall and first in class with a Lexus LF-A. At the 2019 24 Hours of Nürburgring, he finished 40th overall and third in class with a Toyota GR Supra GT4.
In 2016, Toyoda approved the project that would result in the GR Yaris; during the development of that car, Toyoda (as Morizo) served as a test driver. Morizo crashed the first test car during a mid-winter test drive at a Hokkaido track; after exiting the car on his own, he remarked that he did not "like the feel of it". As Morizo, Toyoda continued to drive development prototypes, and since the car's release, has campaigned the car in races.
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