economy
February 6, 2026
Toyota promotes finance chief Kenta Kon as CEO in second leadership change in 3 years
Toyota Motor has announced that its chief executive Koji Sato will step down, and be replaced by the automaker’s chief financial officer, Kenta Kon.
TL;DR
- Kenta Kon will replace Koji Sato as CEO of Toyota Motor, effective April 1.
- Sato will move to vice chairman and chief industry officer, focusing on industry-wide roles.
- Yoichi Miyazaki will become the new CFO.
- The leadership changes are intended to speed up decision-making and mobility transformation.
- Toyota reported a rise in sales revenue for the December quarter but a fall in operating income.
- The company raised its full-year operating profit forecast due to a weak yen and cost reductions.
- Electrified vehicles accounted for nearly half of Toyota's retail sales in the first three quarters.
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