(Feb 6): Toyota Motor Corp appointed Kenta Kon as its new chief executive officer, a surprise leadership reshuffle in the midst of a high-profile bid to privatise a key unit. Kon, who is currently Toyota Motor’s chief financial officer, will assume the top job on April 1, the company said on Friday. He replaces Koji Sato, who was appointed CEO in 2023 and will become vice chairman and take on a newly established role as chief industry officer. Akio Toyoda will retain his position as chairman at both Toyota Fudosan and Toyota Motor. The world’s biggest carmaker now forecasts ¥3.8 trillion (RM94 billion) in operating profit for the fiscal year ending in March 2026.

Source: The Edge Markets February 06, 2026 06:55 UTC