This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Toyota Announces Executive Changes Across North And South America

NEW YORK, March 6, 2013 /PRNewswire/ -- Toyota Motor North America, Inc. (TMA) today announced executive changes across Toyota's North and South American affiliate companies, which are effective as of April 1.

These executive appointments are intended to give greater autonomy and more local control to regional executives and managers so they can provide superior customer-focused products and services.  The moves also advance Toyota's efforts to integrate top regional talent into its global leadership team in order to best meet the needs of customers around the world.

Akio Toyoda, President of Toyota Motor Corporation (TMC), said of the announcement: "These changes will help us to achieve sustainable growth and realize our Global Vision by giving more responsibility to each region, including our North and South American operations, so that they may develop and deliver ever better products and offer the best service to our customers." 

The changes announced today include:

James (Jim) Lentz, currently president and CEO of Toyota Motor Sales, U.S.A., Inc. (TMS), senior vice president of Toyota Motor North America (TMA) and managing officer of Toyota Motor Corporation (TMC), is named senior managing officer of TMC, chief executive officer North America Region, and president and chief operating officer of TMA.  In this new role, Mr. Lentz will oversee all of Toyota's North America affiliates, including TMS, TMA and Toyota Motor Engineering & Manufacturing, North America, Inc. (TEMA), which includes responsibilities for Toyota Motor Manufacturing Canada Inc. (TMMC), and will have new oversight for Toyota Canada, Incorporated (TCI).  Mr. Lentz will also become chairman of the North American Executive Committee, which will consist of cross-affiliate leaders. He will report to Satoshi Ozawa and Mitsuhisa Kato, executive vice presidents and members of the Board, TMC.

Kazuo Ohara , managing officer, TMC and executive vice president, Lexus International, will become chief executive officer and president of TMS, with responsibility for Toyota's North America sales, service and marketing operations, reporting to Mr. Lentz. 

Osamu ("Simon") Nagata, deputy chief officer, External Affairs group, and managing officer, TMC, is named chief executive officer and president of TEMA, where he will lead Toyota's North American manufacturing and engineering operations, also reporting to Mr. Lentz. 

Steve St. Angelo , having served Toyota North America as executive vice president, TEMA, and senior vice president of TMA, is named chief executive officer, Latin America and Caribbean Region.  He remains a managing officer of TMC.  Based in Sao Paulo, Brazil, Mr. St. Angelo will be chairman of Toyota do Brazil and will oversee all of Toyota's Latin America and Caribbean affiliates. He will report to Mitsuhisa Kato and Yasumori Ihara, executive vice presidents and members of the board, TMC.

Mark S. Templin , group vice president and general manager – Lexus Division, TMS, and general manager, Lexus Product Marketing Planning Division, TMC, is named managing officer and executive vice president of Lexus International, where he will lead Lexus global operations from Toyota City, Japan.  With this appointment, Mr. Templin becomes the first non-Japanese executive to oversee a Toyota division within the company's global headquarters in Japan.  In this new role, he will report to Kiyotaka Ise, senior managing officer and president of Lexus International.

Real ("Ray") Tanguay, chairman, Toyota Motor Manufacturing Canada Inc. (TMMC), North American chief quality officer and senior managing officer of TMC, will be named advisor, TMC and chairman, TCI.  He remains chairman of TMMC and president of Canadian Autoparts Toyota, Inc. (CAPTIN), which are overseen by TEMA.  Given Mr. Tanguay's enhanced focus on growing the Canadian market and overall coordination of Canadian operations, the role of chief quality officer will be re-assigned at a later date. 

Robert (Bob) S. Carter , senior vice president – automotive operations, TMS, will have added responsibility for the Lexus Division, aligning sales, service, marketing, customer initiatives, vehicle distribution and parts operations for Toyota, Lexus and Scion under one executive.  He will report to Mr. Ohara.

Jeffrey (Jeff) Bracken , vice president, sales, Toyota Division, is named group vice president and general manager – Lexus Division, TMS, reporting to Mr. Carter.  Mr. Bracken will be responsible for all sales, marketing, customer service and dealer operations for Lexus in the U.S.

Yoshimi (Yoshi) Inaba , chairman of TMS, is named executive chairman of TMS.  He remains executive advisor to TMC.

Mark Hogan , president of Dewey Investments LLC, is appointed as one of three new outside board members of TMC.  Mr. Hogan is the first American to be named as an outside board member of the company.

Shigeki Terashi , managing officer, TMC, president and COO, TMA and president and CEO, TEMA, is named senior managing officer, TMC, where he will be chief officer, Corporate Planning Division and chief officer, Product and Business Planning Division.

Kazuhiro Miyauchi , managing officer, TMC, senior vice president, TMA, and executive vice president – Purchasing and Supplier Engineering Development, TEMA, will become chief officer, Production Control Group, TMC.

Hiroyuki Fukui , senior vice president and chief coordinating officer, TMS, is named managing officer, TMC, and named chairman of Toyota Motor Manufacturing Indonesia (TMMIN).

Commenting on the announcement, Jim Lentz said: "Integrating Toyota's North America affiliates under a more unified and streamlined management structure will significantly enhance local responsibility over operations, clarify decision-making and strengthen our 'customer-first' focus.  Backed by decades of industry experience, this leadership team represents a deep bench of talent that is well prepared to capitalize fully on the strong momentum across our North and South America operations as we enter a new phase of growth."

Mr. Lentz continued, "We have drawn from a strong and seasoned cadre of global business leaders with these appointments.  This new leadership team leverages a unique combination of strategic vision, break-through innovation, executional discipline and an unwavering focus on the customer." 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,450.39 -192.62 -1.16%
S&P 500 1,972.03 -16.84 -0.85%
NASDAQ 4,798.5040 -29.8210 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs