Most people are familiar with Shoichiro Toyoda as the CEO and president of Toyota Motor Corporation. In addition, he serves as the president of Hitachi Ltd. and Honda Motor Co. as well as the auditor for Toyota Boshoku Corporation and senior adviser for Toyota Media Service Corporation. Toyota is currently among the top automakers by sales because to the way he managed to steer his family’s business through the financial crisis. He supports using hydrogen fuel cells to power automobiles rather than batteries.
Toyoda has an MBA from Babson College and a law degree from Keio University. In 1984, he began working for his family’s company, and in 2000, he joined the board. He rose through the ranks to Executive Vice President in 2005 and then President in 2009.
Who Was Shoichiro Toyoda? Son Of Toyota Founder Dead At 97
The father of the current CEO, Akio Toyoda, and the son of the founder of Toyota Motor Corp., Shoichiro Toyoda, passed away on Tuesday from heart failure, according to the firm. He was 97.
Toyoda, who joined Toyota in 1952, oversaw the company’s growth into American manufacturing, the introduction of the luxury Lexus brand and the Prius hybrid, and the achievement of international acclaim for creating a new model for manufacturing quality control.
He passed away less than a month after his son Akio Toyoda, 66, who was leading the carmaker as the third member of the founding family to do so, said he would be stepping down as president and becoming chairman.