Toyota said on Wednesday vice chairman and former president Fujio Cho would replace Hiroshi Okuda as chairman pending approval at a board meeting in June.
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Okuda, 73, who served as Toyota’s president between 1995 and 1999, will remain on the board as a senior adviser to the company, Reuters reported.
Cho, 69, is also due to become chairman of the Japan Automobile Manufacturers Association this month.
