Toyota

Topics: Asia, Toyota, Middle East Pages: 3 (620 words) Published: September 25, 2014
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...
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