Toyota Announces New Organizational Structure and Executive Changes Toyota City, Japan, Mar 6, 2013 - (JCN Newswire) - Toyota Motor Corporation (TMC) announces that it will implement executive, organizational and personnel changes to further strengthen its management structure toward realizing the Toyota Global Vision announced in March 2011.
The new structure is based on a review of the organization's way of working and making decisions, and is aimed at achieving real competitiveness and realizing sustainable growth. Executive changes will include partial changes to board members, as well as the appointment of TMC's first outside board members. In addition, the following changes will be made to TMC's management structure effective April 1, 2013.
1) Business-unit organization To clarify operations and earnings responsibility as well as speed up decision-making, TMC's automotive business will be split into the following four units so that each unit can apply the most appropriate business model and aim for steady growth:
- Lexus International (Lexus business) - Toyota No. 1 (North America, Europe and Japan) - Toyota No. 2 (China, Asia & Middle East, East Asia & Oceania; Africa, Latin America & Caribbean) - Unit Center (engine, transmission and other "unit"-related operations) -- Lexus International will continue its role as Lexus' global headquarters, aiming for the establishment of Lexus as a global premium brand with Japanese roots.
-- Toyota No. 1 and Toyota No. 2 will have executive vice presidents in charge and will oversee all aspects of Toyota-brand vehicle development, from planning to production to sales.
-- Unit Center will develop globally competitive "unit" components (including major powertrain components such as engines and transmissions). The executive vice president in charge will oversee all operations from component planning and development to production technology and functions aimed at bringing products to market in a prompt and timely manner.
2) Reorganization of region groups To improve products and services for and in growing markets, the Asia and Oceania Operations Group and the Middle East, Africa and Latin American Operations Group will be reorganized into the East Asia & Oceania Region, the Asia and Middle East Region, the Africa Region, and the Latin America & Caribbean Region. These new region groups, in addition to the existing China Region, North America Region, Europe Region, and Japan Sales Business Group, will total eight, an increase from the previous six.
In addition, as part of ongoing efforts to increase region head "globalization", as is the case currently in Toyota's Europe operations, a non-Japanese executive - to be titled "CEO" - will be in charge of the North America Region, the Africa Region, and the Latin America & Caribbean Region.
3) New divisions not belonging to a group
To promote the making of ever-better cars over the medium-to-long term, the TNGA Planning Division will be established and the Product & Business Planning Division will be reorganized. Both divisions will not belong to a group. The TNGA Planning Division will be in charge of technology-based medium-to-long term product (vehicle and unit components) strategy and the Product & Business Planning Division will be in charge of market-based medium-to-long term product strategy.
For details and complete executive changes, please see http://cdn.toyota.jp/information/news/20130306/0306_1.pdf. About Toyota Supported by people around the world, Toyota Motor Corporation (TSE: 7203; NYSE: TM), has endeavored since its establishment in 1937 to serve society by creating better products. As of the end of March 2012, Toyota conducts its business worldwide with 50 overseas manufacturing companies in 27 countries and regions. Toyota's vehicles are sold in more than 160 countries and regions. For more information, please visit www.toyota-global.com. Contact:
Toyota Motor Corporation Corporate Communications Department Public Affairs Division Tel: +81-3-3817-9150 Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net Provider ID: 00026386