Akio Toyoda Steps Down as Toyota CEO

Somewhat surprising to industry insiders, the CEO of Toyota Motor, Akio Toyoda, announced on January 26 his resignation, and he will step down as CEO on April 1, 2023, to become the chairman of the board. Hence, I will have a look at his impact on Toyota. However, just to be warned, if you expect glowing praise, you should look elsewhere. I believe he changed Toyota, a company I love, in a worrisome way. I am definitely not a fan of his work. Granted, being a CEO is not easy, and he did have to lead Toyota through a couple of crises (Recall,s Corona, etc.). Compared to other CEO’s, he is probably somewhere around average. But I believe he had a negative influence on the Toyota corporate culture.

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