Following Toyota’s shock announcement recently that the company is expecting to post a ¥150 billion ($1.7 billion) loss for the year ending March 2009, comes an official announcement that Akio Toyoda, the 52 year-old grandson of Toyota's founder Kiichiro Toyoda, will step into the role of CEO in June. Toyoda will replace current chief Katsuaki Watanabe, who will step down to the more advisory role of vice chairman. Toyoda will be the first member of the family in 14 years to become the company's chief.
Wednesday, February 18, 2009
Toyota founder’s grandson will replace CEO by June
8:42 AM
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