But Toyoda isn’t going far. The 66-year-old isn’t retiring outright, but instead retiring to the boardroom, where he’ll take over the role of chair. Insiders aren’t expecting Toyoda to be hands-off, either. One executive said that Toyoda was about to embark on a period of “cloister rule,” a period in Japan’s history where the emperor retired to a monastery without actually ceding power. If that’s the case, then the shakeup in Toyota City might not be much of a shakeup at all.
Toyota’s surprise executive shakeup may disappoint investors by Tim De Chant originally published on TechCrunch