Toyota revamps leadership, governance for future mobility

** Toyota Motor Corporation (TSE: 7203) announced a series of strategic changes designed to bolster its corporate governance and accelerate its evolution into a mobility company. Key moves include a shift to a company with an audit and supervisory committee, aimed at enhancing the board's oversight capabilities, with 5 of the 10 members being independent. The company also revised its representative director structure, with Hiroki Nakajima and Yoichi Miyazaki appointed as Executive Vice Presidents and Representative Directors. Nakajima will continue as Chief Technology Officer, while Miyazaki remains Chief Financial Officer and Chief Competitive Officer. These changes, effective following the 121st Ordinary General Shareholders' Meeting in June 2025, are designed to empower executive management, promote quicker decision-making, and ensure strong monitoring functions to enhance corporate value and enable the company to adapt swiftly in a dynamic business environment. The strategic realignment is also reflected in shifting key leadership roles to ensure the executive team can successfully navigate the transforming automotive industry.