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▼ 1st Woman Named to Toyota Board at Shareholder Meeting
- Category:Event
TOYOTA, Aichi (Jiji Press) — Toyota Motor Corp. President Akio Toyoda told shareholders on Thursday that the automaker will continue taking on challenges.
Such a stance would be essential for Toyota to remain a “needed company in a phase of once-in-a-century transformation,” he said, showing his resolve to enhance Toyota’s competitiveness through vehicle electrification and autonomous driving.
Toyoda was speaking in a general shareholders meeting at the automaker’s headquarters in Toyota, Aichi Prefecture.
At the meeting, shareholders gave their approval for the appointments of nine board members. This means that Toyoda’s leadership will enter its 10th year.
Teiko Kudo, managing executive officer at Sumitomo Mitsui Banking Corp., was appointed an outside board member of Toyota. She will be the first woman to join the automaker’s board.
Also in the meeting, the company reported its business results for fiscal 2017. In the year that ended in March, the automaker’s net profit hit a record high for the first time in two years.
On the back of the strong earnings, Toyota proposed paying a total of ¥1,224 million in board members’ bonuses, up 30.5 percent from the previous year. Payment per board member will reach ¥204 million on average, up 74.0 percent.
Such a stance would be essential for Toyota to remain a “needed company in a phase of once-in-a-century transformation,” he said, showing his resolve to enhance Toyota’s competitiveness through vehicle electrification and autonomous driving.
Toyoda was speaking in a general shareholders meeting at the automaker’s headquarters in Toyota, Aichi Prefecture.
At the meeting, shareholders gave their approval for the appointments of nine board members. This means that Toyoda’s leadership will enter its 10th year.
Teiko Kudo, managing executive officer at Sumitomo Mitsui Banking Corp., was appointed an outside board member of Toyota. She will be the first woman to join the automaker’s board.
Also in the meeting, the company reported its business results for fiscal 2017. In the year that ended in March, the automaker’s net profit hit a record high for the first time in two years.
On the back of the strong earnings, Toyota proposed paying a total of ¥1,224 million in board members’ bonuses, up 30.5 percent from the previous year. Payment per board member will reach ¥204 million on average, up 74.0 percent.
- June 15, 2018
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