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Kouji Sato, chief brand officer, will become the new CEO, Toyota said. Representative director Takeshi Uchiyamada will relinquish his chairman title. The Japanese automaker will hold a news conference at 4 pm (7 am GMT)…

By Kosaku Narioka Toyota Motor Corp. said Thursday that Chief Branding Officer Koji Sato will become its new chief executive on April 1. The Japanese car manufacturer said that CEO Akio Toyoda will…

Sato will become the new CEO while the current chairman, Takeshi Uchiyamada, will drop his chairman title but remain on the board, Toyota said. The question of who would take over from Toyoda, the 66-year-old grandson of the…

Toyoda was due at events in Tokyo hosted by Japan's top trade organizations where business and political leaders including Prime Minister Fumio Kishida will be present. The spokesman said Toyoda is regularly tested for the…