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Toyota Motor has appointed chief financial officer Kenta Kon to take over from Koji Sato as chief executive of the world’s largest automaker as it navigates global trade disruption and rising competition from China’s electric car champions.
The Japanese automaker said on Friday that Kon would take over as president and CEO, with Sato moving to the vice chair role and a newly established position of chief industry officer.
Toyota said that the changes are “intended to accelerate management decision-making in response to changes in the internal and external environment”.
This is a developing story