Among Toyota's management changes, Vice Chairmen Katsuaki Watanabe and Kazuo Okamoto, Executive Vice President Yoichi Ichimaru and Director Yoshimi Inaba will step down from the company's board. Ichimaru will become an adviser and Inaba will remain as head of North American operations.
The company won't add new vice chairmen and the changes are subject to shareholders' approval in late June, Toyota said.
Ray Tanguay will become senior managing officer from April 1 and will be ranked as the highest non-Japanese executive at Toyota.