Toyota CEO Sato to step down, to be replaced by CFO Kon

Toyota names new CEO after reporting drop in profits

Japan’s top automaker Toyota reported a 43% drop in quarterly profit Friday and announced that its chief financial officer, Kenta Kon, will become its new chief executive and president. Kon, a Toyota veteran, will replace Koji Sato in both roles in April. Approval by shareholders is expected in June. “This…

Just Three Years After Akio Toyoda Stepped Aside, Toyota Is Appointing Yet Another New CEO

In the shakeup, current CEO Koji Sato will become vice chairman and chief industry officer, with CFO Kenta Kon taking his place as the automaker's leader.

Foreign Auto Giant Makes Big Change Following Trump Tariff Onslaught

Toyota announced Friday that its chief executive officer Koji Sato is stepping down and will be succeeded by its chief financial officer, Kenta Kon.

Toyota Trades Passion for Profit With CEO Swap

After making less money selling more cars, Toyota is trading its enthusiast CEO for a finance guy to fend off challenges in a very tumultuous global economy.

Toyota Names Kenta Kon as Next CEO in Surprise Announcement

Kenta Kon, 57, on Feb. 6 was unexpectedly announced as the next CEO of Toyota, to replace Koji Sato, who will become vice chairman in April after three years in the role.

Japan’s Toyota names CFO Kenta Kon as new president and chief executive

Toyota announces that Kenta Kon, executive officer and chief financial officer, will be promoted to president and chief executive officer effective April 1.