Akio Toyoda

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Akio Toyoda
Akio Toyoda cropped 2 Mark Templin and Akio Toyoda 20110818 2.jpg
Akio Toyoda (2011)
Born (1956-05-03) May 3, 1956 (age 58)
Nagoya, Japan
Nationality Japanese
Education MBA, Babson College 1982
Faculty of Law, Keio University 1979
Occupation President and CEO,
Toyota Motor Corporation
Spouse(s) married
Children 2
Parent(s) Shoichiro Toyoda

Akio Toyoda (豊田章男 Toyoda Akio?) is the president and CEO of Toyota Motor Corporation.[1]

He received his MBA from Babson College.[2]


Akio Toyoda joined Toyota in 1984.[3] In 2000 he joined Toyota's board of directors.[4] In 2005 he was promoted to executive vice president.[5]

In January 2009 he was announced as the forthcoming president of the company.[3] 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.[6] The previous president and CEO Katsuaki Watanabe became vice chairman replacing Katsuhiro Nakagawa.[7]

In 2012, he was named Autocar's Man of the year.[8]

Statement on vehicle recalls[edit]

On February 17, 2010, Toyoda was called up to Washington by the U.S. Congress,[9] and seven days later, issued a prepared statement to the Congress.[10] 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.[11]

Family tree[edit]

Toyoda was born in Nagoya to Shoichiro Toyoda. 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,[12] the son of Kiichiro Toyoda, who would become the president of Toyota between 1941 and 1950;[13] 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.[14][15]



  1. ^ Toyoda New President CNN
  2. ^ Taylor, Alex. "Toyota's new man at the wheel," Fortune (US). June 26, 2009, retrieved 2011-04-22
  3. ^ a b Rowley, Ian. "It's Official: Toyota Scion to Be New Chief," Business Week. January 20, 2009.
  4. ^ "Akio Toyoda" (profile), Forbes (US), retrieved 2011-04-22
  5. ^ Hasegawa, Yōzō. (2010). Rediscovering Japanese Business Leadership, p. 173., p. 173, at Google Books
  6. ^ Chartered Management Institute blog: "Akio Toyoda to Continue the Toyota Way," June 23, 2009, retrieved 2011-04-22
  7. ^ "Toyota Names Akio Toyoda as Next President," UPI (US). January 9, 2009, retrieved 2011-04-22
  8. ^ "Akio Toyoda named Autocar Man of the Year". Autocar. Retrieved 27 March 2013. 
  9. ^ Toyota ‘prince’ needs to steer company in crisis
  10. ^ "Toyota president Akio Toyoda's statement to Congress," The Guardian (UK). 24 February 2010, retrieved 2011-04-22
  11. ^ 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
  12. ^ International Directory of Business Biographies: Shoichiro Toyoda
  13. ^ Shirouzu, Norihiko. "Toyota Family Member Vies for the Top Job," Wall Street Journal. December 24, 2008.
  14. ^ Shirouzu, Norihiko and John Murphy. "Toyota to Change Leader Amid Global Sales Slump," Wall Street Journal. December 24, 2008.
  15. ^ Kubo, Nobuhiro and Chang-Ran Kim. "Toyota confirms Akio Toyoda as New President," Reuters (UK). June 23, 2009, retrieved 20111-04-22


Business positions
Preceded by
Katsuaki Watanabe
CEO of Toyota
Succeeded by