Changes to Executive Structure
Source: RNSToyota 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
|
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 2017 |
・Revision of the advisor and senior advisor system (resulting in executives leaving their positions being made advisors or senior advisors only when the needs of the company require such) |
|
January 2018 |
・Expansion of appointing people with high levels of expertise 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 2019 |
・Introduction of the position of "senior professional/senior management" (Integration of managing officers, executive general managers, [sub-executive managerial level] senior grade 1 and senior grade 2 managers, and grand masters) |
|
January 2020 |
・Abolishment of the position of "field general manager" 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 |
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 Human Resources Officer |
Chief Monozukuri Officer
|
|
Masanori Kuwata |
General Administration & Human Resources Group (Chief Officer)
|
Chief Human Resources Officer General Administration & 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 (Deputy Chief Officer) Purchasing Management Div. (concurrent General Manager) |
Purchasing Group (Chief Officer)
|
|
|
Masayoshi Shirayanagi |
External & Public Affairs Group (Chief Officer) Purchasing Group (Chief Officer) |
External & Public Affairs Group (Chief Officer)
|
|
☆
|
Masahiro Yamamoto |
General Administration & Human Resources Group Secretarial Div. (Project General Manager)
|
CEO Office (General Manager) |
END
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
