Blog Exposure – Toyota Motor Announces Organizational Changes

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LONDON, UK / ACCESSWIRE / November 30, 2017 / Active-Investors issued a free report on Toyota Motor Corp. (NYSE: TM) (“TMC”), which is readily accessible upon registration at www.active-investors.com/registration-sg/?symbol=TM as the Company’s latest news hit the wire. On November 28, 2017, the Company announced that it plans to modify its executive lineup and revise its organizational structure in order to further strengthen cooperation among companies of the Toyota Group and boost business innovation. Sign up now for our free research reports at:

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Executives in North America at Toyota Motor North America (TMNA) and Toyota Research Institute (TRI) were also the part of the executive and organizational changes announced. The executive changes will be effective on January 01, 2018.

Reasons Supporting Structural Changes

TMC intends to concentrate the capabilities of Toyota Group’s companies and appoint the right people among a diversified workforce from within and outside Toyota to the right positions. The Company wants to transform the structure into one that makes possible decision-making close to customers and close to where the action takes place, and to transform the roles and awareness of executives and to accelerate management oversight.

Major Changes in Organizational Structure

Tetsuo Ogawa has been promoted to Senior Managing Officer at TMC. He will continue his role in Plano, Texas, as TMNA’s Executive Vice President and Chief Administrative Officer.
Mike Sweers has been promoted to Executive General Manager of CV Co., an in-house Company at TMC responsible primarily for commercial vehicles, and will also continue to serve as Chief Engineer. His newly appointed position will put him in a global role on IMV-platform.
Dr. Gill Pratt has been appointed to a new post that was established for executives to contribute to the management of the Company with their high level of expertise in specific technical domains, within the Advanced R&D and Engineering Company at TMC. He will continue to serve as Chief Executive Officer (CEO) of TRI.
Tokuo Fukuichi, Executive Vice President, will step down from his post. He will retain his role as a member of the Board of Directors.

Structural Changes Include Appointment of People with High Levels of Expertise

Commenting on the announcement, Akio Toyoda, President of TMC, stated that the structural changes include the appointment of people with high levels of expertise, regardless of time with the Company, or age, and from the perspective of having the right people in the right places. Knowing that the customer comes first, the Company needs to have people who understand the workplace well enough to lead with quick judgment, quick decisions, and quick action through genchi genbutsu (on-site learning and problem-solving) as they see fit in response to all kinds of situations.

TMC Made Regular Personnel Changes in April

TMC announced regular personnel changes at the sub-executive managerial level in April 2017. Following the changes, the Company made subsequent changes in June, August, and November, as needed, and has also decided to advance the timing of executive changes next year from the traditional April to January.

About Toyota Motor Corp. (TMC)

Founded in 1937, TMC is a Japanese multinational automotive manufacturer headquartered in Toyota, Aichi. TMC is the world’s largest automotive manufacturer, and the world’s market leader in sales of hybrid electric vehicles.

Stock Performance Snapshot

November 29, 2017 – At Wednesday’s closing bell, Toyota Motor’s stock marginally declined 0.32%, ending the trading session at $126.55.

Volume traded for the day: 128.18 thousand shares.

Stock performance in the last month – up 1.74%; previous three-month period – up 12.70%; past twelve-month period – up 6.97%; and year-to-date – up 7.98%

After yesterday’s close, Toyota Motor’s market cap was at $208.53 billion.

Price to Earnings (P/E) ratio was at 10.88.

The stock has a dividend yield of 2.95%.

The stock is part of the Consumer Goods sector, categorized under the Auto Manufacturers – Major industry.

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