Toyota Motor Corp. shuffles its top management ranks, appointing a new president and reorganizing its operational structure. The auto maker appoints Katsuaki Watanabe as president, replacing Fujio Cho, who ascends to the post of vice chairman. Toyota also tweaks ranks at its Toyota Motor Sales U.S.A. Inc. unit, appointing Jim Press, current executive vice president and chief operating officer, to the post of president. He becomes the first American to lead the TMS business unit. Yuki ...

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