2 March 2018, Tokyo, Japan: Ms. Teiko Kudo, a managing executive officer at Sumitomo Mitsui Banking Corp, shall join Toyota’s board as an outside director, pending shareholder approval due to be obtained through a ballot to take place in June 2018. If so, she shall become the first woman to sit on Toyota’s board
Ms Kudo is known for breaking the glass ceiling in Japan’s male-dominated banking industry, becoming the first woman to hold the title of executive officer at Sumitomo Mitsui back in 2014.
She is also involved in a fund Toyota set up with Tokyo-based hedge fund Sparx in 2015, which mainly invests in artificial intelligence, robotics and hydrogen-related technologies. As part of the board reshuffle, Toyota said Philip Craven, former president of the International Paralympic Committee, will also join as an outside director.
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For further information:
Toyota: https://www.toyota.com
Sumitomo Mitsui Banking Corporation: http://www.smbc.co.jp/global/
