Koji Sato is an engineer who replaced the Toyota founder’s grandson in the company recently, know his net worth
A top automotive manufacturer that is based in Japan, Toyota Motor Corp went through a huge staff shuffle on Thursday. The founder’s grandson and charismatic CEO Akio Toyoda stepped down from the post. Mr. Toyoda will be taking over as the board’s chairman while Lexus chief, Koji Sato will be becoming the CEO and the President of car giant.
Who is Koji Sato new Toyota CEO and President, his age, education, career, net worth 2023
Toyota announced a change to its executive structure on January 26, appointing Operating Officer #KojiSato the new president and #AkioToyoda the new chairman after 13 years of presidency. Here are the messages delivered at the live broadcast.#ToyotaTimeshttps://t.co/3aLxOLDpYR pic.twitter.com/h6YTh58auc
— Toyota Motor Corp. (@ToyotaMotorCorp) January 26, 2023
These newly declared executive changes will be effective from the 1st of April and the world’s top-selling automaker has stated it in a recent statement.
Koji Sato was born on October 19,1969 and is aged 63.
Koji Sato professional career, education
Koji Sato has been a loyal employee of cooperation since the year 1992. He graduated from a prestigious university named Waseda University in the subject of mechanical engineering. A month after his graduation finished, he joined Toyota as an engineer and through this, he ranked to become the chief of Toyota’s Luxury brand, Lexus in early 2020.
Mr. Sato has been brought in to lead automakers in major shifts towards clean energy and zero carbon emission. Sato is known to achieve Lexus’s first pure-battery electric model in April of 2022. He also has worked on Toyota cars powered by green hydrogen fuel cells, which is a complete zero-emission technology. Sato is not an extraordinary engineer but he is a leader who is an avid car lover. After the declaration of the position on Thursday, he said, “ I am in love of making cars, that is why I want to be a president who continues to make cars.”
Toyoda, whom Sato will be replacing himself is the grandson of Toyota’s founder Kiichiro Toyoda. Sato took charge of the company in 2009 and then steered the car giant through, a quality-control scandal and more. While he has proved to be an immense talent and reward for Toyota, he has nervously accepted Presidency after the Toyoda personally expressed trust over him and his team.
Koji Sato’s net worth
Koji Sato is estimated to have a net worth of $5 million.