Toyota Shareholders Vote to Reappoint Chairman Akio Toyoda

Toyota Motor Corp.’schairman kept his seat on the carmaker’s board at its annual meeting, where talk of selfies and sumo wrestlers overshadowed Akio Toyoda’s role in a contentious buyout of a group company.

Shareholders passed a motion on Thursday to appoint or reappoint six people, including Toyoda and Chief Executive Officer Koji Sato, to Toyota’s board of directors.

Shareholders at Toyota’s annual shareholder meeting in Toyota City, Aichi Prefecture, Japan, on June 12.

Source: Toyota Motor Corp.

Although major proxy advisers backed Toyoda’s reelection — reversing their stance after voting against him in 2024 — investors got a chance to air their grievances as Toyoda faced them publicly for the first time since the Toyota ...