The outgoing CEO of a giant autos firm had a message for his successor: Don't be like me

After Akio Toyoda, the CEO and President of Toyota, announced helium was stepping down connected Thursday, helium shared his proposal to his successor and broke down his concern philosophy.

"Rather than effort to beryllium similar me, I privation you to worth your individuality," helium said he'd erstwhile told the incoming main Koji Sato up of an important meeting. Sato had been unsure what to accidental and what messages to express, Toyoda explained successful a translated webcast connected Thursday.

"I told Sato 'don't effort to tally the institution connected your own, but arsenic a team'," Toyoda said.

Having a squad made up of radical with "diverse personalities" to collaborate and absorption connected the aforesaid extremity is cardinal to innovating, helium said. Toyoda added that making changes and adapting is important for companies going guardant arsenic nary 1 knows what the aboriginal holds.

Toyota is 1 of the biggest automotive companies successful the world. It produces cars for mundane consumers, including a assortment of electrical and hybrid models, arsenic good arsenic being progressive successful motorsports done its Toyota Gazoo Racing brand.

In its most caller quarterly report, published successful November 2022, the institution said its quarterly nett had dropped by 25% and made cuts to its accumulation targets.

Toyoda took implicit the institution successful the summertime of 2009, conscionable aft the planetary fiscal crisis. It has been a hard clip since then, helium acknowledged successful the webcast.

"In retrospect, these 13 years person been a play of struggling to past 1 time aft the next, and that is my honorable feeling," helium said.

Reflecting connected however helium managed the institution passim this time, Toyoda said that determination are ever 2 options to see successful tricky situations.

"I judge that successful times of situation 2 paths look earlier us. One is simply a way towards abbreviated word occurrence oregon a speedy victory. The different is simply a way that leads backmost to the indispensable qualities and philosophies that gave america strength," helium explained.

Toyoda said that helium chose the 2nd option, which helium said had helped him amended the institution and found spot successful it from stakeholders by shifting what Toyota focused on.

However, pursuing this attack tin beryllium much hard and instrumentality a batch of clip earlier it proves to beryllium successful, helium added. People focused connected short-term wins and truthful doubted him and were not supportive of his choice, Toyoda said.

Toyoda is owed to officially measurement down arsenic CEO and president connected April 1, and volition past go president of the board. His successor Sato is presently main branding serviceman and is the caput of Toyota's racing limb Gazoo and its Lexus division.