Toyota Motor Corporation Changes to Executive Structure (4959R)
30 Giugno 2020 - 9:00AM
UK Regulatory
TIDMTYT
RNS Number : 4959R
Toyota Motor Corporation
30 June 2020
Toyota Motor Corporation
TMC Announces Changes to Executive Structure,
Senior Management Responsibilities, and Personnel
Toyota City, Japan, June 30, 2020-Toyota Motor Corporation (TMC)
announced today that it intends to implement changes to its
executive structure, senior management responsibilities, and
personnel as described below, effective July 1, 2020.
Change highlights
Advancing structural reform by clarifying the roles of operating
officers
-- A person who looks over management of the entire
company as a C-level officer (e.g. CRO, CFO) in close
coordination with the president à To be
redefined as " operating officer ".
-- An in-house company president, regional CEO, or a
chief officer who advances quick judgment, quick
decisions, and quick action on site as the head of a
business implementation element à To be
consolidated into the classification of " senior
professional/senior management".
The aim of the changes announced today is to further advance
various innovations based on TMC's long-standing fundamental policy
of appointing the right people to the right positions. Under the
changes, members of management who, together with the president,
have cross-functional oversight of the entire company, are to be
redefined as "operating officers". In close coordination with the
president, these operating officers are to work together with
business implementation elements and promote the development of a
skilled workforce. Furthermore, in-house company presidents,
regional CEOs, and chief officers, as on-site leaders of business
implementation elements, will be given authority while being
consolidated into the classification of " senior
professional/senior management".
The roles of operating officers and senior professionals/senior
management are to be determined where and as needed, and persons
appointed as operating officers and senior professionals/senior
management are to change in accordance with the challenges faced
and the path that should be taken, as the company exercises greater
flexibility than ever in appointing the right people to the right
positions.
For reference: Chronology of major initiatives
April 2011 Streamlining of the board of directors (reducing the
number of directors from 27 to 11) (NOTE: TMC currently
has nine directors.)
Scaling down of the executive decision-making system
(elimination of officers responsible for group affairs
so as to create a two-tier executive system consisting
of executive vice presidents and chief officers)
Appointment of chief officers in a flexible manner from
the new positions of senior managing officer and managing
officer (elimination of the position of senior managing
director)
Establishment of the position of executive general manager
Stationing of, in principle, regional chief officers
in their respective regions
April 2013 Establishment of business units
Reorganization of regional groups
Appointment of outside board members
-----------------------------------------------------------------
April 2015 Revision of the roles of executives
Tasking executive vice presidents, once responsible for
their respective business units and key functions, with
overseeing TMC in its entirety and with carrying out
operations and administration from a mid-to-long-term
perspective, and making executives at the level of senior
managing officer and below responsible for the business
units, regional operations, and key functions
Enhancement of diversity among executives (appointment
of non-Japanese executives and of female executives)
-----------------------------------------------------------------
April 2016 Establishment of in-house companies-shifting from a
function-based structure to a product-based structure
-----------------------------------------------------------------
April 2017 Further clarification that members of the board of directors
are responsible for decision-making and management oversight
and that operating officers are responsible for operational
execution
Further reduction in the number of members of the board
of directors to nine directors, including outside board
members (in June)
-----------------------------------------------------------------
October R evision of the advisor and senior advisor system (resulting
2017 in executives leaving their positions being made advisors
or senior advisors only when the needs of the company
require such)
-----------------------------------------------------------------
January Expansion of appointing people with high levels of expertise
2018 from within and outside the company (including from within
and outside the Toyota Group, people with technical-position
backgrounds, etc.)
Positioning of executive vice presidents as executive
officers, in addition to their roles of supporting the
president (to directly oversee their areas of responsibility
as presidents of TMC's in-house companies and as organizational
group chief officers)
Establishment of the post of "fellow" to heighten management
expertise and to widen the range of executive development
-----------------------------------------------------------------
January Introduction of the position of " senior professional/senior
2019 management" (Integration of managing officers, executive
general managers, [sub-executive managerial level] senior
grade 1 and senior grade 2 managers, and grand masters)
-----------------------------------------------------------------
January Abolishment of the position of " field general manager"
2020 à Reappointment as senior general managers or as
fellows
-----------------------------------------------------------------
April 2020 Consolidation of the post of executive vice president
and the post of operating officer into the post of operating
officer
Clarification of the roles of operating officers, who
are equal in rank, by dividing operating officers into
C-level officers, presidents of in-house companies, regional
CEOs, and persons in charge of various functions, with
their roles not being fixed, so as to allow the right
people to take on responsibilities
-----------------------------------------------------------------
TMC also announced today changes in the responsibilities of
operating officers and senior professionals/senior management, as
well as personnel changes, also effective July 1, 2020.
1) Changes in areas of responsibility for Operating Officers,
effective July 1, 2020
Name Current New
================ =============================== ==============================
Mitsuru Kawai Chief Monozukuri Officer Chief Monozukuri Officer
Chief Human Resources Officer
------------------------------- ------------------------------
Masanori Kuwata General Administration Chief Human Resources Officer
& Human Resources Group General Administration
(Chief Officer) & Human Resources Group
(Chief Officer)
------------------------------- ------------------------------
Operating Officer , effective July 1, 2020
Name Title
================= =========================================================
Akio Toyoda Chief Executive Officer
Chief Branding Officer
---------------------------------------------------------
Mitsuru Kawai Chief Monozukuri Officer
---------------------------------------------------------
Koji Kobayashi Chief Risk Officer
---------------------------------------------------------
Shigeki Terashi Chief Competitive Officer
Chief Project Officer
Toyota System Supply
Toyota ZEV Factory (Chief Officer)
---------------------------------------------------------
Shigeki Tomoyama Chief Information & Security Officer
Chief Production Officer
GAZOO Racing Company (President)
---------------------------------------------------------
Kenta Kon Chief Financial Officer
Accounting Group (Chief Officer)
Advanced R&D and Engineering Company (Fellow)
---------------------------------------------------------
Masahiko Maeda Chief Technology Officer
Vehicle Development Center (President)
Powertrain Company (President)
Powertrain Management Div. (concurrent General Manager)
---------------------------------------------------------
James Kuffner Chief Digital Officer
Advanced R&D and Engineering Company
Toyota Research Institute - Advanced Development,
Inc.
(Chief Executive Officer)
---------------------------------------------------------
Masanori Kuwata Chief Human Resources Officer
General Administration & Human Resources Group (Chief
Officer)
---------------------------------------------------------
2) Changes in areas of responsibility for senior
professionals/senior management
(Senior General Manager level and above) , effective July 1, 2020 newly
Name Current New
======================== ================================ =============================
Kazunari Kumakura Purchasing Group Purchasing Group
(Deputy Chief Officer) (Chief Officer)
Purchasing Management Div.
( concurrent General Manager)
---------------------- -------------------------------- -----------------------------
Masayoshi Shirayanagi External & Public Affairs External & Public Affairs
Group Group
(Chief Officer) (Chief Officer)
Purchasing Group (Chief
Officer)
---------------------- -------------------------------- -----------------------------
Masahiro Yamamoto CEO Office (General Manager)
General Administration &
Human Resources Group
Secretarial Div.
(Project General Manager)
---------------------- -------------------------------- -----------------------------
END
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