Toyota Motor Corp., the world‘s largest automaker, plans to cut its board to at least 17 members from the current 27 to improve decision-making after a series of product recalls in its biggest management reorganization in eight years, two people familiar with the company‘s plan said.
Toyota currently has 27 directors, including the chairman, president, six executive vice presidents and 15 senior managing directors. The reduction in the number of board members will include cutting the number of executive vice presidents, the people said. The changes are likely to take place as early as April, before the shareholders’ meeting in June, they said. Full 2012 Audi A6 Photo GalleryPorsche 911 Experience Photo Gallery2011 Chicago Auto Show Photo Gallery2012 Mercedes-Benz C63 AMG Photo Gallery2012 Fiat 500 Photo Gallery2011 Chrysler 200 and 300 Launch Photo GalleryAutoSpies.com Photo GalleriesIf you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.com Share on Facebook
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