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Toyota Shareholders Re-Elect Chairman

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Toyota Motor (TYO:7203) shareholders cleared the proposed re-appointment of Akio Toyoda as chairman and the appointment of Chief Executive Officer Kenta Kon to the board, along with the re-appointment of four other directors.

The proposed appointments, cleared by the board in April, sought shareholder backing at its annual general meeting on Tuesday.

Meanwhile, former CEO Koji Sato stepped down from the board following the meeting, and the company said that it will continue to invest in growth areas, including artificial intelligence and robotics, Reuters reported Wednesday, quoting Toyota CEO Kon.

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