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

On Feb 6, Toyota Motor announced Koji Sato will step down, and CFO Kenta Kon will replace him as CEO.
The CEO role is defined as the highest-ranking executive overseeing operations, while the CFO manages financial planning, risk, and reporting, as seen with Koji Sato and Kenta Kon.
Sato will hold a press conference at 3:30 p.m. on Friday, where journalists will hear announcements and ask questions.
The transition marks a significant leadership change as Toyota remains the world's largest automaker.
Global Banking & Finance Review published the item on Feb 6 and the site notes partners may compensate it for displaying certain links.

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