Akio Toyoda
Encyclopedia
is the president
and CEO of Toyota Motor Corporation
.
He received his MBA from Babson College
.
In January 2009 he was announced as the forthcoming president of the company. 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. The previous president and CEO Katsuaki Watanabe
became vice chairman replacing Katsuhiro Nakagawa
.
, and seven days later, issued a prepared statement to the Congress. 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.
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, the son of Kiichiro Toyoda
, who would become the president of Toyota between 1941 and 1950; 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.
President
A president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...
and CEO of Toyota Motor Corporation
Toyota Motor Corporation
, , , commonly known simply as Toyota and abbreviated as TMC, is a multinational automaker headquartered in Toyota, Aichi, Japan. In 2010, Toyota Motor Corporation employed 317,734 people worldwide, and was the world's largest automobile manufacturer by production.The company was founded by...
.
He received his MBA from Babson College
Babson College
Babson College is a private business school located in Wellesley, Massachusetts near Boston.- History :Babson College was founded by Roger Babson on September 3, 1919, as the Babson Institute. It was renamed "Babson College" in 1969...
.
Career
Akio Toyoda joined Toyota in 1984. In 2000 he joined Toyota's board of directors. In 2005 he was promoted to executive vice president.In January 2009 he was announced as the forthcoming president of the company. 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. The previous president and CEO Katsuaki Watanabe
Katsuaki Watanabe
is vice chairman of Toyota Motor Corporation. He was president and CEO of the company before Akio Toyoda assumed those positions on June 23, 2009.Watanabe, who earned a degree in economics from Tokyo's Keio University, joined Toyota upon graduating from that university in 1964.He has gained...
became vice chairman replacing Katsuhiro Nakagawa
Katsuhiro Nakagawa
Katsuhiro Nakagawa is the former vice chairman of Toyota Motor Corporation. Vice-Minister for International Affairs, Ministry of Economy, Trade and Industry in 1997 - 1998．Former president and CEO Katsuaki Watanabe replaced him as the new vice chairman of the company and Watanabe's spot being...
.
Statement on vehicle recalls
On February 17, 2010, Toyoda was called up to Washington by the U.S. CongressUnited States Congress
The United States Congress is the bicameral legislature of the federal government of the United States, consisting of the Senate and the House of Representatives. The Congress meets in the United States Capitol in Washington, D.C....
, and seven days later, issued a prepared statement to the Congress. 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.
Family tree
Toyoda was born in Nagoya. The descendants of Sakichi ToyodaSakichi Toyoda
was a Japanese inventor and industrialist. He was born in Kosai, Shizuoka. The son of a poor carpenter, Toyoda is referred to as the "King of Japanese Inventors".- Career :...
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, the son of Kiichiro Toyoda
Kiichiro Toyoda
was a Japanese entrepreneur and the son of Toyoda Loom Works founder Sakichi Toyoda. His decision to take Toyoda Loom Works into automobile manufacturing would create what would eventually become Toyota Motor Corporation, the world's largest automobile manufacturer....
, who would become the president of Toyota between 1941 and 1950; 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
Katsuaki Watanabe
is vice chairman of Toyota Motor Corporation. He was president and CEO of the company before Akio Toyoda assumed those positions on June 23, 2009.Watanabe, who earned a degree in economics from Tokyo's Keio University, joined Toyota upon graduating from that university in 1964.He has gained...
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.