TOKYO -- Toyota Motor announced on Thursday that Akio Toyoda will step down as president and CEO on April 1 to be replaced by Chief Branding Officer Koji Sato, who has been tapped to "fully remodel" the automaker as a mobility company.
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Toyota's Akio Toyoda to step down as CEO and president
Lexus chief Koji Sato, 53, to take over on April 1; Toyoda to become chairman
Akio Toyoda, left, will be replaced by Koji Sato as president and CEO of Toyota on April 1. (Source photos by Tomoki Mera and Yuki Nakao)
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