Toyota Motor Corporation formally announced a change in its president. Speaking about the incoming president’s term, Sato Koji (佐藤恒治) said, “It’s only been 3 years, but it’s already been 3 years,” prompting commentary that the terms of Japan’s corporate leaders are shorter than those in Europe and the US.
Toyota Motor Corporation announced a change in its president. A new president is expected to take office, and appointments to the board of directors have been reported.
President Sato Koji (佐藤恒治), who was also present, commented on his term, saying in essence, “It’s only been 3 years, but it’s already been 3 years.”
The article cites the view that terms for Japan’s corporate leaders are shorter than those in Europe and the US, suggesting that discussion of current term lengths may continue.