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No CommentsAkio Toyoda Steps Down as Toyota CEOFrom left: Akio Toyoda, Koji Sato, and Takeshi UchiyamadaPhoto: ToyotaAkio Toyoda, 66, will step down from his role as president and CEO of the Toyota Motor Corporation on April 1. He will be replaced by Lexus chief Koji Sato, who has also been heading the company’s Gazoo Racing motorsport division since 2020. Prior to becoming CEO, Toyoda had been groomed for decades to become the company head, but always had a preference for racing over business. But over the past few years, Toyoda has been under fire for his electrification strategy. Toyoda seems aware of these shortcomings and that it’s time for someone new to take the helm and steer the company in a different direction.