OSAKA, Japan — The Board of Directors of Toyo Tire & Rubber Co. has announced that effective Jan. 1, 2008 Yoshio Kataoka will step down as president and chief executive officer and representative director and will transition to the role of advisor to the president. He will remain on the Toyo Board of Directors.
Toyo board member Kenji Nakakura, currently managing executive officer and president of DiverTech Co., will succeed Kataoka as president, CEO and representative director.