Akio Toyoda joined Toyota in 1984. In 2000 he joined Toyota's board of directors. In 2005 he was promoted to executive vice president. In January 2009 he was announced as the forthcoming president of the company. On June 23, 2009 he was confirmed as the new president of the company, along with four new executive vice presidents and eight new board members. The previous president and CEO Katsuaki Watanabe became vice chairman replacing Katsuhiro Nakagawa. In 2012, he was named Autocar's Man of the year.
Toyota Motor Corporation is a Japanese automotive manufacturer headquartered in Toyota, Aichi, Japan. Toyota was the largest automobile manufacturer in 2012 (by production). As of November 2013, Toyota was the largest listed company in Japan by market capitalization (worth more than twice as much as #2-ranked SoftBank) and by revenue.