TMC Announces Changes to Organizational Structure and Executive and Senior Professional/Senior Management

1. Organizational changes and Senior Professional/Senior Management Employee Changes Effective June 1

In 2018, Toyota announced its intention to transform from an automotive company into a mobility company. Under the common understanding that everyone lives on the same planet, Toyota takes action from the perspective of "home planet," above and beyond the concepts of "hometown" and "home country" that the automotive industry has long continued its business in. The current working generation is responsible for bequeathing this beautiful home to the next generation, as a place where people can live with peace of mind. Under this perspective, Toyota has the "human-centered" philosophy that technology should contribute to people's happiness and health. By utilizing the strength it has cultivated through "monozukuri (manufacturing)", and by incorporating further technological innovations that expand the possibilities of mobility as it responds to CASE, Toyota seeks to provide services that make freedom of mobility available to all people. The company also aims through its businesses to contribute to the realization of SDGs; among the 17 SDGs, reducing CO2 emissions is a global issue and, in order to achieve this, it is vital that electrification―the "E" of "CASE"―is implemented on a global scale.

Countries around the world are issuing declarations stating their aim to be carbon neutral by 2050. To make carbon neutrality a reality in the automobile industry, it is essential that energy policies that incorporate renewable energy and charging infrastructure be integrated with industrial policies that include purchase subsidies, supplier support, and battery recycling systems. Coordinated efforts by various stakeholders, such as governments and industry groups, are also necessary. In the global expansion of its business, TMC, while consulting with the governments of various countries on how to improve environments for promoting electrification, plans to advance an electrification strategy that contributes to the reduction of CO2 throughout the entire lifecycle of its vehicles. Also, to gain the understanding of more of its stakeholders, TMC intends to enhance its information disclosure, by conducting a review and information release within this year concerning whether its external affairs activities are consistent with the long-term goals of the Paris Agreement.

Toward achieving carbon neutrality, TMC is strengthening company-wide efforts to further accelerate its reduction of CO2 emissions. As part of this effort, the company intends to consolidate the resources of environmental technology development that is being carried out in various areas, including workplaces that are responsible for advanced development, and establish the CN Advanced Engineering Development Center. The CN Advanced Engineering Development Center is to be responsible for, among others, technological development related to innovative improvement of electrified vehicle efficiency, advancement of new battery development, promotion of the utilization of renewable energy such as sunlight, and facilitation of various methods to utilize carbon-neutral fuels.

By further deepening coordination within the Toyota Group and cooperation among members of industry, academia, and government in Japan and overseas, TMC intends to press forward in accelerating its engagement in challenges to achieve carbon neutrality.

Personnel changes due to the above organizational changesSenior professionals/senior management (Senior General Manager level and above)

2. Other Senior Professional/Senior Management Employee Changes Effective June 1

Senior professionals/senior management (Senior General Manager level and above)

3. Member of the board of directors and operating officer changes effective on the date of the Ordinary General Shareholders' Meeting in June

New Operating Officer