TOKYO, Feb. 8, 2022–Senior Toyota Motor Corp. executives are quitting the company before retirement in an effective boycott of long-serving CEO Akio Toyoda for his nepotism of his son Daisuke, a Japanese weekly magazine reports.
‘Senior executives that are fed up with the ‘dictatorship’ (of Akio Toyoda) are leaving (the com-any) en mass,’ Hisao Inoue, the weekly Shikan Gendai article writer wrote. But ‘Even so, for CEO Akio, his son’s succession (as CEO) is everything…’ Akio’s son, Daisuke, works as a senior vice president of a Toyota subsidiary, Woven Planet Holdings.
The magazine’s teaser ad named CFO Kenta Kondo, senior board member Koji Kobayashi, and Naoki Miyazaki, board member of Toyoda Gosei.
That Toyota doesn’t retain senior executives even before retirement age is far from surprising as CEO Akio thinks the company needs to rejuvenate management for confronting new auto business terrains such as autonomous driving and EV technologies, among many. Whether the retiring executives are against promoting Daisuke is not all that clear from the article.
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