Global Edition
REF: 745
Business

Toyoda wins shareholder approval to remain chairman and Kon takes over as CEO.

At its inaugural annual gathering under Kenta Kon's leadership, Toyota Motor Corporation's shareholders reaffirmed their support for Akio Toyoda as chairman while also approving Kon's appointment as CEO.

Business — lead image
Lead image — News Trend Today wire

At its inaugural annual gathering under Kenta Kon's leadership, Toyota Motor Corporation's shareholders reaffirmed their support for Akio Toyoda as chairman while also approving Kon's appointment as CEO.

At Toyota Motor's (7203.T) shareholder meeting, Akio Toyoda secured another term as chairman with unanimous approval, while Kenta Kon assumed his new role as CEO and joined the board as a member on Tuesday.

RelatedIndia's TCS to take $70 million hit after US Supreme Court rejects appeal

Four additional directors were re-elected by shareholders unanimously.

Investor confidence in Toyota's strategic direction is evident from shareholder approval, coinciding with significant growth in hybrid vehicle sales in key markets such as the US and Japan.

Read nextG7 leaders vow increased cooperation on addressing worldwide debt risks.

Following the shareholder approval, Kon stated that Toyota will maintain a steady pace of investment in emerging sectors like artificial intelligence, robotics, and its innovative multi-pathway approach with diverse powertrain options.

Toyoda secured shareholder endorsement to continue as chairman, paving the way for Kon's appointment as CEO in April.

Koji Sato has relinquished his position on the board as vice chairman.

Toyota Motor(7203.T)Motor's (7203.T) shareholder meeting, Akio Toyoda secured another term as chairman with unanimous approval, while Kenta Kon assumed his new role as CEO and joined the board as a member on Tuesday.

More Filings

Business
Business

India's TCS to take $70 million hit after US Supreme Court rejects appeal

Business
Business

G7 leaders vow increased cooperation on addressing worldwide debt risks.

Business
Business

US puts hold on blacklisting Chinese firm DeepSeek as over 100 companies face security scrutiny.