Motor Corp. Australia Ltd. names Masahide Yasuda as its new president and CEO.
Yasuda, who began his career withMotor Corp. in 1972, most recently was chairman and CEO of Toyota France SA. He replaces Ted Okada, who has held the post at Toyota Australia since 2004.
Yasuda also spent three years as group vice president, Toyota Motor Sales, U.S.A. Inc., where he led the auto maker to three consecutive record sales years.
The change is part of Toyota’s program where senior executives periodically rotate to different positions within the company.