In an unexpected announcement, Toyota has announced a major shake-up in its global management structure that will significantly increase the role of the North American market – and senior U.S. executives, in particular.
The realignment positions Jim Lentz, who has been the top American executive at the giant Japanese maker, as its number one boss for all of North America. Meanwhile, the current U.S. head of the Lexus luxury brand will now become managing officer for Lexus International. And Mark Hogan, a former General Motors senior executive, will become the first American ever on the 76-year-old Toyota Motor Co.’s board of directors.
“These changes will help us to achieve sustainable growth and realize our global vision by giving more responsibility to each region, including our North and South American operations, so that they may develop and deliver even better products and offer the best service to our customers,” declared Akio Toyoda, TMC’s global chief executive and grandson of the maker’s founder.