Kon to Become Toyota’s New President, Sato to Become Vice Chairman (Update 1)

The Yomiuri Shimbun
Toyota Motor Corp.’s President Koji Sato and Chief Financial Officer Kenta Kon attend a press conference in Tokyo on Friday.

Toyota Motor Corp. announced Friday that Chief Financial Officer Kenta Kon will be its president on April 1.

Current President Koji Sato, 56, will become vice chairman. Sato became president in April 2023, succeeding current Chairman Akio Toyoda, who is from the founding family.

Kenta Kon is 57 years old.

The Yomiuri Shimbun
Toyota Motor Corp.’ Chief Financial Officer Kenta Kon

“We have decided that a change in management team is necessary for the best future of Toyota and the industry,” said Sato at a press conference held in Tokyo on Friday.