Akio Toyoda

This article incorporates information from the equivalent article on the Japanese Wikipedia.
Akio Toyoda
豊田章男

Washington, D.C. (February 24, 2010)
Born May 3, 1956 (1956-05-03) (age 55)
Nagoya, Japan
Nationality Japan
Education MBA, Babson College
Faculty of Law, Keio University
Occupation President and CEO,
Toyota Motor Corporation

Akio Toyoda (豊田 章男 Toyoda Akio?, born May 3, 1956) is the president and CEO of Toyota Motor Corporation.

He received his MBA from Babson College.[1]

Contents

Career

Akio Toyoda joined Toyota in 1984.[2] In 2000 he joined Toyota's board of directors.[3] In 2005 he was promoted to executive vice president.[4]

In January 2009 he was announced as the forthcoming president of the company.[2] On June 23, 2009 he was confirmed as the new president of the company, along with four new executive vice presidents and eight new board members.[5] The previous president and CEO Katsuaki Watanabe became vice chairman replacing Katsuhiro Nakagawa.[6]

Statement on vehicle recalls

Main article: 2009–2010 Toyota vehicle recalls

On February 17, 2010, Toyoda was called up to Washington by the U.S. Congress,[7] and seven days later, issued a prepared statement to the Congress.[8] Toyoda focused on three key issues, which included the recalled vehicles. Toyoda also stated that he is "deeply sorry" repeatedly; however, many lawmakers were asking tough questions regarding the recalled vehicles.[9]

Family tree

Toyoda was born in Nagoya. The descendants of Sakichi Toyoda who established Toyoda Automatic Loom Works, have long dominated the upper management of Toyota Motors, which was incorporated in 1937. Shoichiro Toyoda was born in Nagoya on February 17, 1925,[10] the son of Kiichiro Toyoda, who would become the president of Toyota between 1941 and 1950;[11] and in due course, Shoichiro Toyoda became president of the company between 1982 and 1992. His 52-year old son, Akio Toyoda, was the chief contender for the office of president when Katsuaki Watanabe was to have relinquished that post to become Chairman, Toyota's natural progression. In 2009, Mr. Watanabe was awarded only the Vice-Chairman job, possibly a subtle commentary on the quality crisis.[12][13]

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Sasuke
 
 Heikichi
 
 
 
 Asako
 
 Sakichi
 
 Tami
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Eiji
 
 Rizaburo
 
 Aiko
 
 Kiichiro
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Shuei
 
 
 
 
 
 
 
 Tatsuro
 
 Shoichiro
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Akio

Notes

  1. ^ Taylor, Alex. "Toyota's new man at the wheel," Fortune (US). June 26, 2009, retrieved 2011-04-22
  2. ^ a b Rowley, Ian. "It's Official: Toyota Scion to Be New Chief," Business Week. January 20, 2009.
  3. ^ "Akio Toyoda" (profile), Forbes (US), retrieved 2011-04-22
  4. ^ Hasegawa, Yōzō. (2010). Rediscovering Japanese Business Leadership, p. 173. at Google Books
  5. ^ Chartered Management Institute blog: "Akio Toyoda to Continue the Toyota Way," June 23, 2009, retrieved 2011-04-22
  6. ^ "Toyota Names Akio Toyoda as Next President," UPI (US). January 9, 2009, retrieved 2011-04-22
  7. ^ Toyota ‘prince’ needs to steer company in crisis
  8. ^ "Toyota president Akio Toyoda's statement to Congress," The Guardian (UK). 24 February 2010, retrieved 2011-04-22
  9. ^ Raum, Tom and Ken Thomas. "Toyota CEO Akio Toyoda To Congress: 'I'm Deeply Sorry'," Huffington Post (US). February 24, 2010, retrieved 2011-04-22; "Toyota president testifies before Congress," CNN (US). February 24, 2010, retrieved 2011-04-22
  10. ^ International Directory of Business Biographies: Shoichiro Toyoda
  11. ^ Shirouzu, Norihiko. "Toyota Family Member Vies for the Top Job," Wall Street Journal. December 24, 2008.
  12. ^ Shirouzu, Norihiko and John Murphy. "Toyota to Change Leader Amid Global Sales Slump," Wall Street Journal. December 24, 2008.
  13. ^ Kubo, Nobuhiro and Chang-Ran Kim. "Toyota confirms Akio Toyoda as New President," Reuters (UK). June 23, 2009, retrieved 20111-04-22

References

Business positions
Preceded by
Katsuaki Watanabe		 CEO of Toyota
2009–present		 Succeeded by
Incumbent