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Global Business / The Economic Times

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

Toyota's Chief Executive Koji Sato is stepping down after three years. Chief Financial Officer Kenta Kon will take over as the new CEO. This management change comes as Toyota faces scrutiny over its planned buyout of a subsidiary. Sato will move to a vice chairman role. Kon is seen as instrumental in the buyout deal.

6 Feb 2026 11:42 am