The appointment of Koji Sato as Toyota Motor Corp.'s new president represents a key step in the automaker's transformation into a "mobility company."
Toyota has announced that Sato, the company's chief branding officer, will take over in April from Akio Toyoda, a descendent of Toyota's founder. Toyoda will become chairman. Sato, 53, will be responsible for steering Toyota through some major changes in its business.
