Transportation Industry

2ND LD: Toyota's Akio Toyoda to be senior managing director.

Japan Transportation Scan, April, 2003

NAGOYA, April 8 Kyodo

(EDS: UPDATING WITH INFO ON 3 NON-JAPANESE MANAGING OFFICERS)

Toyota Motor Corp. said Tuesday Akio Toyoda, son of Toyota Honorary Chairman Shoichiro Toyoda and deemed a future president, will be promoted to senior managing director under the new management system to be introduced after an annual shareholders' meeting in June.

Akio Toyoda, 46, a managing director who is the grandson of the company's founder Kiichiro Toyoda, will be promoted only a year after assuming his current post in June last year.

After graduating from Keio University, Akio Toyoda joined the company in 1984.

He led Toyota's project to begin production of passenger cars in China and has been credited with developing an e-mail...

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