Notice Concerning Changes in Representative Directors

News Release Organization

The Board of Directors of Toyota Industries Corporation resolved at a meeting held on February 29, 2024 to make changes in Representative Directors. The changes will be effective as of June, 2024.
Meanwhile, Representative Directors will be officially appointed following resolutions at the 146th Ordinary General Meeting of Shareholders and the Board of Directors meeting held on June, 2024.



1. Change of Representative Director

1) New Representative Director

NameNew titleCurrent title
Shigeki Terashi Chairman,
Member of the Board and
Representative Director

Senior Executive Officer
Toyota Motor Corporation
(Appointed as company advisor
effective April 1, 2024)

Career Summary of the new Representative Director

Name Shigeki Terashi
Date of birth February 16, 1955
Career summary April 1980 Joined Toyota Motor Corporation
June 2008 Managing Officer
May 2011 President and Chief Operating Officer,
Toyota Motor Engineering & Manufacturing
North America, Inc.
April 2013 Senior Managing Officer,
Toyota Motor Corporation
June 2013 Member of the Board of Directors,
Senior Managing Officer
June 2015 Executive Vice President
April 2017 Member of the Board of Directors,
Executive Vice President
April 2020 Member of the Board of Directors,
Operating Officer
January 2021 Member of the Board of Directors,
Executive Fellow
June 2021 Executive Fellow
Shareholding 0 share (as of February 29, 2024)

2) Retiring Representative Director

NameNew titleCurrent title
Tetsuro Toyoda

Senior Advisor

Chairman,
Member of the Board and
Representative Director

Akira Onishi

Director,
Member of the Board

Vice Chairman,
Member of the Board and
Representative Director