Toyota Motor Corporation on Friday named its finance chief, Kenta Kon, as its next Chief Executive Ofiicer (CEO) replacing Koji Sato from April 1. Kon is known for his focus on cost control and is widely regarded as the architect of a planned buyout of forklift maker, Toyota Industries. He served as Toyoda’s secretary from 2009, when Toyoda became CEO, until 2017, when he was appointed head of the accounting division. In addition to his role at Toyota, Kon oversees finances at mobility technology unit Woven by Toyota, experience that could help as the company works to strengthen its software capabilities to match Chinese competitors. Sato became CEO in April 2023, when Toyota was facing criticism for its slow progress in battery electric vehicles.

Source: Nigerian Tribune February 08, 2026 16:21 UTC