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Toyota looks for new chief

Lucky 13: Under the rule of Toyota founder’s grandson Akio Toyoda, the company’s share price has almost tripled and the car-making giant’s valuation nudges $A361 billion.

After 13 years as Toyota president, Akio Toyoda says it is time to find a successor

20 Jun 2022

TOYOTA president Akio Toyoda, who has been in the top position since 2009, has put the company on notice to find his successor.


Mr Toyoda (66), whose grandfather started the automobile company with its first car in 1934, told shareholders that the company should foster candidates capable of eventually taking the top job. He gave no date for retirement.


He said that a successor must have “unshakable conviction on why Toyota exists” and a firm understanding of the company’s philosophy with a goal to “rejuvenate” management.



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