Akio Toyoda Biography
Akio Toyoda, a Japanese corporate entrepreneur and the chairman of Toyota Motor Corporation, was born on May 3, 1956. Prior to this, he served as president and CEO of the business.(Source: ) Toyoda is the grandson of Shinshichi Iida, the founder of Takashimaya department stores, and Kiichiro Toyoda, the founder of Toyota Motors. He is also the great-grandson of businessman Sakichi Toyoda.
Toyota President Toyoda resigned on April 1, 2023, to take on the role of chairman of the board.[2] Koji Sato, Toyota’s chief branding officer, took over as CEO in place of Toyoda.
Akio Toyoda Basic Information |
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| Stage Name: | Akio Toyoda or Morizo Kinoshita |
| Real Name: | Akio Toyoda |
| Occupation: | Business Executive, Chairman, Toyota |
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Date Of Birth/Age: |
3rd May 1956 (67 Years Old) |
| Place of Birth: | Nagoya, Japan |
| Gender: | Male |
| Nationality: | South African |
| Marital Status: | Married |
| Education: | Keio University Babson College F.W Olin Graduate School Of Business (MBA) |
Akio Toyoda Age
Shoichiro Toyoda and Hiroko (née Mitsui) Toyoda welcomed Akio into the world on May 3, 1956, in Nagoya. He is the grandson of Kiichiro Toyoda, the founder of Toyota Motor Corporation, and the great-grandson of Sakichi Toyoda, the founder of the Toyoda Automatic Loom Works.
The Toyoda family has dominated the upper management of the family enterprises since the days when his great-great-grandfather, Ikichi Toyoda, was a carpenter and farmer and taught his son fabrication and carpentry skills. Following the quality control crisis, Katsuaki Watanabe was reassigned as Vice-Chairman, and Akio was reportedly the front-runner for the family firm.
Akio Toyoda Net Worth
Akio Toyoda has a net worth of $600 million, according to Celebrity Net Worth. From 2009 until 2023, he was Toyota Motor Corporation’s president and CEO. He is currently the chairman of the business.
Akio Toyoda reportedly had 4,752,895 shares of Toyota stock, according to CNW as well. When he announced his resignation in April 2023, the price of a share of Toyota stock was approximately $140. Akio’s shares were valued $665 million at that point. Akio Toyoda momentarily became a billionaire (on paper) in January 2022 when Toyota shares reached $210 per share.
Akio Toyoda Early life and education
Toyoda is the grandson of Kiichiro Toyoda, the founder of Toyota Motor Corporation, and the great-grandson of Sakichi Toyoda, the founder of Toyoda Automatic Loom Works. He was born in Nagoya on May 3, 1956, to Hiroko (née Mitsui) and Shoichiro Toyoda. Since his great-great-grandfather, Ikichi Toyoda, taught his son fabrication and carpentry, the Toyoda family has long dominated the highest administration of the family companies. Following the quality control problem, Katsuaki Watanabe was reassigned as Vice-Chairman, making Akio Toyoda the front-runner for the family firm.
Toyoda received his master’s degree in finance from Babson College in Massachusetts after completing his undergraduate studies in law at Keio University. In 1984, he was going to join the family company.
Akio Toyoda Career
In 2000, Toyoda, the founder’s grandson, became a member of Toyota’s board of directors. Toyoda received a promotion to executive vice president in 2005. It was declared in January 2009 that Toyoda will be the company’s next president. He was officially announced as the new president on June 23, 2009, along with the appointment of four new executive vice presidents and eight new board members. Katsuaki Watanabe, the former CEO and president, took over as vice chairman, succeeding Katsuhiro Nakagawa.
He was recognized as Autocar’s Man of the Year in 2012.
Akio Toyoda Master driver “Morizo”
Toyoda has supported sports models, such as the Lexus IS F and Lexus LFA, at auto races as a fervent supporter and driver. Utilizing the alias Morizo Kinoshita, he has driven in races such as the 2009 24 Hours of the Nürburgring. With his LF-A Prototype No. 14, he placed fourth in his class and 87th overall in 2009.
Toyoda (as Morizo) approved the project that would eventually become the GR Yaris in 2016. Toyoda was a test driver during the car’s development. During a test drive at a Hokkaido circuit in the middle of winter, Morizo crashed the first test car and said he didn’t “like the feel of it” when he got out on his own. Toyoda continued to drive research prototypes while driving the Morizo, and he has raced the car since it was released.
Toyota global recalls and Congressional Statement
Following widespread recalls of automobiles that eventually amounted to 8.5 million units, Toyoda received an invitation to speak before the US Congress on February 17, 2010, which he accepted. He delivered a prepared statement to the Congress one week later. His main points of emphasis were threefold: the origins of the recalls, “how we will manage quality control going forward,” and Toyota’s fundamental quality control philosophy.
On February 24, 2010, Toyoda spoke before the House of Representatives’ Oversight and Government Reform Committee, accompanied by Yoshimi Inaba, the COO and president of Toyota Motor North America. Toyoda, the scion of a family renowned for its contributions to automated manufacturing, experienced the quality control crises firsthand. He was cited as saying that he was “deeply sorry” in his remarks, which also emphasized the relationship that Toyota has had with Americans for fifty years.
Akio Toyoda Future direction of Toyota
Toyoda was asked about his thoughts on BEVs during a press conference on December 14, 2021, where Toyota showcased several concept automobiles with battery electric drivetrains. This was in light of the company’s previous focus on reducing and eliminating emissions through the use of hybrid and hydrogen vehicles. “Of course I supported BEVs in terms of business, but the question was whether I was supporting them as driver Morizo,” said Toyoda, who was responding in both his capacity as chair and master driver. I believe that we are now in a position where we can create faster, safer cars that are also more enjoyable to drive. Going forward, I’m excited to create these BEVs as well.
Akio Toyoda Awards and citations
- L’ordre national de la Légion d’honneur, Officier, France (November 2013)
- Medal with Blue Ribbon, Japan (November
Akio Toyoda Wife
Public information about Akio Toyoda’s personal life is kept private. Hiroko Tabuchi, a reporter for the New York Times, tweeted in January 2022: “I was just learning today that the name of Toyota CEO Akio Toyoda’s wife is Hiroko Tabuchi (now Hiroko Toyoda), when I was today years old.” Daughter of Mamoru Tabuchi, an executive of Mitsui Corp. Who knew?
“I had a classmate named Hiroko Tabuchi (田淵裕子）who married Akio Toyota as soon as she graduated from high school,” tweeted another user, @keiko_sono.
Akio Toyoda Son
Daisuke Toyoda’s father is Akio Toyoda. Daisuke serves as the Representative Director of Woven Alpha and the Senior Vice President of Woven Planet Holdings. The business creates cutting-edge technologies for autonomous vehicles. In January 2021, he was appointed as the representative director of Woven Alpha, which is responsible for Woven City, a smart city that the Toyota corporation is developing in Shizuoka Prefecture in central Japan.
After completing his studies abroad, Daisuke graduated from Keio University in Tokyo. After coming back, he worked for an investment firm before beginning work at Toyota in April of 2016.
After Sato was named Toyota’s new CEO, analysts said he would serve as one of several acting CEOs until Daisuke Toyoda, the son of company founder Akio Toyoda, who is in his early 30s and works as senior vice-president of Woven Planet, the company’s self-driving division, is ready to lead the group.
According to a March 2021 Kyodo News article, Daisuke is set to wed a former member of the all-female Takarazuka musical group from Japan. It was stated that in February 2020, he saw the same show as 26-year-old Mayu Yoshihara, who was involved in Takarazuka as Hitomi Seira. Additionally, Seira has made appearances in TV dramas like “Ochoyan,” an NHK morning serial.
Akio Toyoda Daughter
On the internet, there are no reports regarding Akio Toyoda’s other children. But according to the media, Daisuke Toyoda is Akio’s “oldest son.”
Akio Toyoda House
The internet is devoid of any information regarding Akio Toyoda’s residence.
Akio Toyoda Cars
Toyota Motor Corporation’s chairman is Akio Toyoda.
Who Is Akio Toyoda
Businessman Akio Toyoda is currently Chairman of Nagoya Grampus Eight, Inc., Chairman of Towa Real Estate Co., Ltd., Chairman of Toyota Motor Sales & Marketing Corp., and Executive President, CEO, & Representative Director at Toyota Motor Corp. He has led eight different companies. In addition, Akio Toyoda serves as co-chairman of the Japan Automobile Manufacturers Association and a board member of DENSO Corp. and Hamanakodenso Co., Ltd.
He has served as chairman of Toyota Motor Europe NV, chairman of Toyota Motor (China) Investment Co., Ltd., and chairman and chief executive officer of Toyota Motor North America, Inc. Mr. Toyoda graduated from Babson College with an MBA and Keio University with a graduate degree.
Why did Toyoda change name to Toyota?
The Toyoda family formed Toyota Motor Corporation. While “Toyota” only requires eight Japanese strokes to write, the term “Toyoda” requires ten. Within Japanese culture, eight is seen as a lucky number. These factors led to the selection of “Toyota” as the corporate name.
Who is Toyota’s president?
Toyota said on January 26 that President Toyoda Akio would become chairman and Chief Operating Officer Satō Kōji would become president, starting April 1.
What does Akio want Toyota to be known as?
Details about the Company Takeda Akioda. To date, Toyota’s expansion has been consistent with the automotive industry’s established business model.
How did Toyota become successful?
It doesn’t take an executive long to see that the Toyota Production System (TPS) has helped Toyota Motor Corporation grow into one of the biggest businesses in the world. The Japanese behemoth’s unconventional manufacturing method allows it to swiftly develop new items and produce the greatest cars on the planet at the lowest possible cost.
