Toyota Chief Executive Koji Sato will step down after just three years at the helm of the world’s largest automaker, the company said on Friday, and will be replaced by Kenta Kon, chief financial officer.
The reshuffle, which will see Sato take on the role of vice president and chief industrial officer, comes as the automaker comes under increasing scrutiny over its proposed takeover of Toyota Industries, a deal that the minority has been calling for…