Toyota reshuffles its board, adding auditors and outsiders

Toyota reshuffles its board, adding auditors and outsiders
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Toyota reshuffles its board, adding auditors and outsiders
Author: Yuri Kageyama
Published: Feb, 25 2025 09:58

Summary at a Glance

The number of women on the 10-person board will grow from one to two with the appointments of Kumi Fujisawa, an independent outsider and entrepreneur, and Hiromi Osada, previously a Toyota auditor.

The maker of the Camry sedan and Lexus luxury models has been trying to transform itself into what it calls “a mobility company” as the auto industry undergoes drastic changes including the arrival of powerful relative newcomers like Tesla and BYD.

Takanori Azuma, a Toyota Human Resources official, said the new board includes auditors for the first time.

Toyota announced plans to restructure its board on Tuesday in what it described as an attempt to bring in more diverse views and give a larger roles to auditors.

The company's internal controls have come under scrutiny since it admitted to cheating on certification tests for seven vehicle models last year.

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