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Top related persons:
Akio Toyoda - 2 Toyoda - 2 Toyoda’s - 2 Toyoda’s reappointment - 1
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Toyota - 2 The New York Times - 1 Toyota Motor - 1

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☆ Toyota Chairman’s Investor Support Tumbles
  + stars: | 2024-06-19 | by ( River Akira Davis | More About River Akira Davis | ) www.nytimes.com   time to read: +1 min
Investor support for Toyota Motor’s longtime leader, Akio Toyoda, sank to its lowest level since he took the helm as shareholders challenged the extent of control he exerts over the company. According to a filing released on Wednesday, 71.9 percent of shareholders supported renominating Mr. Toyoda as chairman of Toyota’s board. That met the threshold required for re-election, but it was the lowest level of support for him since at least 2010, after Mr. Toyoda’s first full year as chief executive. Ahead of Toyota’s shareholder meeting on Tuesday, The New York Times reported that several big investors planned to vote against Mr. Toyoda’s reappointment. Traditionally in Japan, board members receive nearly unanimous support from shareholders, and Mr. Toyoda, whose grandfather founded the company, has gotten an average approval of more than 96 percent over the past decade.
Persons: Akio Toyoda, Toyoda, Toyoda’s, Toyoda’s reappointment Organizations: Toyota, The New York Times Locations: Japan
☆ Toyota Investors Challenge Scion’s Grip at a ‘Critical Juncture’
  + stars: | 2024-06-17 | by ( River Akira Davis | ) www.nytimes.com   time to read: 1 min
During his long tenure as chief executive, Akio Toyoda led Toyota Motor to the top of the car industry. Toyota today sells more cars than any other automaker in the world. It was Mr. Toyoda’s bet on the enduring popularity of hybrid gas-electric vehicles that last year helped Toyota achieve the biggest annual profit in Japanese history. Mr. Toyoda, whose grandfather founded Toyota in 1937, is the force that propels the company — and that is a problem, according to multiple people inside and outside of Toyota. In early 2023, Mr. Toyoda stepped down after nearly 14 years as chief executive to become chairman.
Persons: Akio Toyoda, Toyoda’s, Toyoda Organizations: Toyota Motor, Toyota
☆ Breakingviews: Toyota without Toyoda takes a small step forward
  + stars: | 2023-01-26 | by ( ) www.reuters.com   time to read: +2 min
HONG KONG, Jan 26 (Reuters Breakingviews) - Akio Toyoda, grandson of the founder of the world’s largest automaker, is handing over his title as Toyota (7203.T) president, which effectively means chief executive, to Koji Sato. The new boss is currently chief branding officer and president of the Lexus luxury unit. Sato’s role at Lexus might be more pleasing to climate activists who have lambasted Toyota for not transitioning to pure electric vehicles quickly enough. (By Pete Sweeney)Follow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
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