Text size:

  • Small
  • Normal
  • Large

Toyota readies executive reshuffle

Toyota will reshuffle its top executives as soon as this week, people familiar with the plan say, as its president Akio Toyoda tries to dismantle a regimented decision-making hierarchy at the world's top-selling carmaker.

Toyota will reshuffle its top executives as soon as this week, people familiar with the plan say, as the company's president Akio Toyoda tries to dismantle a regimented decision-making hierarchy at the world's top-selling carmaker.

Mr Toyoda, who took the top job at the firm in 2009, has slashed the number of board directors and given more power to executives in key markets outside Japan as part of his effort to refocus the company on quality and manufacturing flexibility after a series of crises.

The next round of changes is intended to build on reforms made by the 56-year-old president which have helped Toyota regain its rank as the world's top selling car, and to fend off aggressive competition from its major rivals Volkswagen, General Motors, and Hyundai.

In the upcoming shift, Mr Toyoda wants to give managers lower down the corporate chain more authority to make day-to-day decisions, freeing the executive vice presidents to concentrate on strategic thinking, according to one source, who asked not to be named because the plans have not been announced.

"Personnel moves are announced when decisions have been made. We cannot comment on this matter, including the timing or the content," said Ryo Sakai, a Toyota spokesman.

The company has seven executive vice presidents who, besides overseeing operations in a particular market or markets, are in charge of one or more business areas such as production control, manufacturing, purchasing and accounting.

Mr Toyoda wants his vice presidents to focus more on making broad decisions, according to a person briefed on his thinking.

At public events and company meetings since he took helm nearly four years ago, Toyoda has hammered out the message that the firm must focus on making "ever-better cars" and bringing excitement to its line-up rather than concentrating on shifting units, or short-term financial targets.

He wants his executives to have the same focus, people knowledgeable about the matter said.

As part of that approach, Mr Toyoda has shaken up vehicle development by scrapping the consensus-based approach that delivered the conservative Camry, and encouraged designers to strike out for edgier looks like the Crown luxury sedan, which has been selling quickly in Japan since its December launch.

 

* Reuters

Back to the top

More articles


Editor's Picks

 The Greens, villas: Q1 no change. 3BR - Dh210-250,000. 4BR - Dh210-260,000. 5BR - Dh220-300,000. Q1 2013-Q1 2014 5% rise. Pawan Singh / The National

In pictures: Where Dubai rents have risen and fallen, Q1 2014

Find out how rental prices in the prime locations in Dubai have altered during the first three months of the year and the current rates you will pay according to data provided by Asteco.

 Above, the private pool of Ocean Heights' five-bedroom penthouse flat. Courtesy Christie’s International Real Estate

In pictures: Penthouse flat is height of Dubai luxury living

A five-bedroom penthouse in Ocean Heights in Dubai Marina is on sale for Dh25 million and comes with a private pool and an unparalleled view of Dubai.

 The cooling towers of the Temelin nuclear power plant near the Tyn nad Vltavou in Czech Republic. The country wants to continue expanding nuclear energy capacity despite cancelling a tender to build two new units. David W Cerny / Reuters

In pictures: Best business images for the week to April 17, 2014

Here are some of the best business images for the week to April 17, 2014.

 Three generations of the Hakimi family tend to their stall Crawford Market in Mumbai. Subhash Sharma for The National

In pictures: Shopper’s delight at Crawford Market in Mumbai

Crawford Market is an old British-style covered market dealing in just about every kind of fresh food and domestic animal imaginable. Later on renamed Mahatma Jotirao Phule, the market remains popular among locals and visitors by its old name, taken from Arthur Crawford who was the first municipal commissioner of the city.

 The Wind, Energy, Technology and Environment Exhibition takes place from April 14 to April 16. Above, the Dewa showroom during last year’s Wetex. Jaime Puebla / The National

April corporate and economic calendar for the UAE and overseas

From Cityscape to Wetex to stock-market holidays to nations reporting first-quarter GDP figures, here is our helpful calendar of April's business events in the UAE and internationally.

 Get the latest information on credit cards, bank accounts and loan products in the UAE. Mark Lennihan / AP Photo

Rates report: Latest on UAE loans, accounts and credit cards

Souqamal.com brings you the latest interest rates on banking products in the UAE.

Events

To add your event to The National listings, click here

Get the most from The National