Former GM executive Mark Hogan tapped for Toyota board
TOKYO (AP) - Toyota has tapped a former executive at US rival General Motors to be on its board, the first time in the Japanese automaker's 76-year history it is appointing board members from outside the company.
The appointment of Mr Mark Hogan, effective April 1, underlines efforts at Toyota Motor Corp. to grow more international, nimble, transparent and responsive to regional markets as it recovers from difficult years, including the massive recall fiasco in the US, to regain its position as the world's top automaker.
Under the changes announced by President Akio Toyoda, Toyota set up a new division called "No. 1" to oversee North American, European and Japanese markets, and another "No. 2" for emerging markets.
It also promoted four non-Japanese managers to oversee regional businesses, including Mr James Lentz, an American who already leads Toyota Motor Sales in the US. He will head the North American region.