#Leadership

Lisa Materazzo has been appointed group vice president, Toyota Marketing, replacing Ed Laukes, who is retiring after 32 years with the automaker. Materazzo, who currently serves as vice president of Lexus marketing, will run the entire gamut of Toyota division market planning, advertising, merchandising, sales promotions, incentives, NASCAR and motorsports, and all social and digital media. According to Statista, in 2019 Toyota spent $1.51 billion on advertising alone, behind General Motors and Ford.

A longtime presence at the top of Mitsubishi Motors departed his post Friday morning, marking the end of an era for the embattled Japanese automaker. Company Chairman Osamu Masuko, 71, resigned effective immediately today, following a six-year tenure at the top of a company he joined in 1972.

Masuko, who rose to become president of the company in 2005 and CEO in 2014, cited health reasons for his sudden departure.

A bombshell just landed from Ford, as the automaker announced the impending retirement of CEO Jim Hackett and his replacement by Chief Operating Officer Jim Farley, effective October 1st.

Ford said Tuesday that Hackett, 65, whose tenure has been the subject of much speculation and criticism as the company navigates wildly turbulent waters, “elected” to retire. He replaced the ousted Mark Fields in 2017. In his place rises Farley, who also joins the company’s board of directors.

A report last week in a German publication stated that Volkswagen Group was looking for someone new to take charge of its namesake brand. The new blood would come in the form of Porsche CEO Oliver Blume, sources said.

We’re now hearing there’s an “extraordinary” supervisory board meeting being held at VW today, and that the result could be current brand chief Herbert Diess being bounced from his role.

Ford is restructuring its upper management for the second time since former CEO Mark Fields took permanent leave of the company. Now in the top executive slot, Jim Hackett wants to continue tweaking staff in order to “improve efficiencies” and reshape the automaker in an image more appetizing to investors and potential buyers.

Hackett’s initial culling served to streamline the corporate hierarchy into something more manageable. The more recent shakeup, announced Tuesday, appears to be more of the same — leaving some with additional duties as Ford attempts to realign its global strategy.

Reports out of Germany indicate that ousted chairman and current majority owner of Volkswagen’s parent group, Ferdinand Piech, may have tampered with the board nomination to replace him.

Piech may have prevented current VW CEO Martin Winterkorn from becoming chairman after the two’s public feud ultimately resulted with Piech’s abrupt resignation in April, Reuters reported.

If true, the backroom dealings would indicate that while Piech may not be overseeing VW anymore, he still wields significant influence on its operations and leadership.

Last month, Honda released its annual Sustainability Report outlining the company’s position and direction under its new CEO Takahiro Hachigo.

Outlined on Page 73 of its 104-page report, Honda admits its number of female managers in Japan is quite low.

Well, actually 0.5-percent low.

While the dust-up between chairman Ferdinand Piëch and CEO Martin Winterkorn lingers on, Volkswagen looks to take silver on the global sales podium in 2015.

VW Group CEO Martin Winterkorn gained a few key supporters in the leadership conflict between he and chairman Ferdinand Piëch.