Toyota to name first foreign director:
Toyota Motor Corp., seeking to add an international flavor to its management, will appoint a foreign national to its board of directors for the first time, sources said Tuesday.
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The promotion of Press, 60, who also serves as Toyota’s managing officer, will be voted on at a shareholders meeting in June, the sources said.
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But currently, all 25 board members of the parent company are Japanese. Only four of the 49 managing officers in charge of conducting operations under the directors are non-Japanese, including Press.
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He became president of Toyota Motor North America Inc. in May 2006, and has since been in charge of directing Toyota’s North American operations.
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Update:
Toyota names US head as first foreign director:
Toyota Motor Corp. Thursday named the head of its fast-growing North American operations as its first foreign director, reflecting the expanding global reach of Japan’s largest automaker.
American Jim Press, 60, who has steered Toyota through a phase of rapid expansion in the world’s largest auto market, will join the board along with eight new Japanese directors, subject to shareholder approval in June.
