Toyota Kirloskar Motor rejigs top deck, elevates key India personnel
Restructuring aimed at creating a role-based organisation with more flexible structure to enhance business expansion plans.
Toyota Kirloskar Motor (TKM), today announced organisational changes by elevating key senior management. The decision, effective 1 January 2024, is intended to further strengthen the company’s operations by accelerating the transition towards a future-ready organisation, thus reinforcing the country’s growing significance within Toyota's global business landscape.
Following the recent announcement by Toyota Motor Corporation on the creation of “India, Middle East, East Asia & Oceania” Region wherein MD and CEO of TKM, Masakazu Yoshimura was also appointed as the Regional CEO, these organisational changes are strategically aligned to additionally boost efficiencies and deliver on India’s pivotal role.
Tadashi Asazuma, currently Executive Vice President, has been elevated to Deputy Managing Director – Sales-Service-Used Car TKM & Lexus. Asazuma, who moved to TKM in 2019, brings with him a global automobile industry experience of working for Toyota in Japan and regions like Middle East.
Swapnesh R Maru, presently serving as Executive Vice President and Chief Compliance Officer, has been elevated to Deputy Managing Director – Corporate Planning, Finance and Administration and Manufacturing.
Masakazu Yoshimura, MD and CEO of Toyota Kirloskar Motor and Regional CEO at Toyota Motor Corporation (TMC), said, "We at Toyota Kirloskar Motor are extremely pleased to announce the new changes to our senior management structure that are focused on steering the company’s growth plans."
"These changes come at a crucial time when India is increasingly becoming a vital market in Toyota’s global strategy and are designed to support and achieve sustainable growth for the company by enhancing capabilities and creating a future ready organisation."
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