Reported Earlier, Toyota Motor North America's Longtime Head Of Purchasing, Bob Young Is Stepping Down Early Next Year
Portfolio Pulse from Benzinga Newsdesk
Bob Young, Toyota Motor North America's head of purchasing, will step down early next year. Young was instrumental in helping Toyota surpass General Motors in U.S. sales in 2021.
November 01, 2024 | 6:51 pm
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Bob Young, a key figure in Toyota's purchasing strategy, is stepping down. His leadership was crucial in Toyota surpassing GM in U.S. sales in 2021.
Bob Young's departure may raise concerns about continuity in Toyota's purchasing strategy, which was pivotal in their recent success. However, the impact on TM's stock price is likely neutral in the short term as the company has time to manage the transition.
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