STOCK TITAN

Toyota Motor North America Announces Manufacturing Executive Changes

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Toyota Motor North America (TM) has announced significant executive changes within its manufacturing sector, effective January 4, 2021. David Fernandes, previously with Toyota South Africa Motors, will become the president of Toyota Motor Manufacturing, Mississippi (TMMMS), overseeing the Corolla production. Jason Puckett will take the helm at Toyota Motor Manufacturing, Alabama (TMMAL), which is expanding operations. Sean Suggs transitions to a new role related to social innovation. David Finch returns to South Africa after a key $288 million expansion at TMMAL, creating 450 jobs.

Positive
  • David Fernandes appointed president of TMMMS, ensuring continuity in vehicle production.
  • Jason Puckett's leadership at TMMAL aids its expansion, with substantial revenue potential from the V6 engine assembly line.
  • David Finch's successful expansion at TMMAL adds 450 jobs and enhances production capacity.
Negative
  • None.

PLANO, Texas, Nov. 19, 2020 /PRNewswire/ -- Toyota Motor North America (TMNA) announces executive changes to its manufacturing organization, effective January 4, 2021.

David Fernandes, who currently serves as senior vice president, Manufacturing, Toyota South Africa Motors (TSAM), will become president of Toyota Motor Manufacturing, Mississippi (TMMMS). TMMMS assembles one of Toyota's core vehicles, the Corolla. In this role, Fernandes will be responsible for all manufacturing and administration functions, reporting to Brian Krinock, senior vice president, Vehicle Manufacturing, TMNA. Prior to his TSAM assignment, Fernandes served as president of Toyota Motor Manufacturing, Alabama (TMMAL) and held a variety of roles within TMNA's Manufacturing and Production Engineering groups. Fernandes began his Toyota career in 1998 as a group leader at the company's West Virginia plant.

Current TMMMS president, Sean Suggs, will assume full responsibilities as group vice president, Social Innovation based in Plano, Texas, as previously announced.

Jason Puckett, who currently serves as vice president, Administration at Toyota Motor Manufacturing, Indiana (TMMI), will become president of TMMAL. TMMAL assembles four-, six- and eight-cylinder engines. Puckett started his career with Toyota in 1997 as a specialist in Assembly preceding TMMI's start of production. He has held a variety of roles at TMMI including vice president, Manufacturing; general manager, Bodyweld and Stamping; and general manager, Production Control. Puckett spent two years at Toyota's manufacturing and engineering headquarters as general manager, Corporate Strategy, responsible for overall manufacturing strategic initiatives in North America. In his new role, Puckett will report directly to Norm Bafunno, senior vice president, Unit Manufacturing, TMNA.

Current TMMAL president David Finch, who has been on assignment at TMNA since 2019, will return to TSAM as senior vice president, Manufacturing. Finch has been instrumental in leading TMMAL's $288 million expansion effort, including a new 150,000 square foot V6 engine assembly line, and the creation of 450 new jobs.

About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands plus our 1,800 dealerships. 

Toyota has created a tremendous value chain and directly employs more than 47,000 in North America. The company has contributed world-class design, engineering, and assembly of more than 40 million cars and trucks at our 14 manufacturing plants, 15 including our joint venture in Alabama that begins production in 2021.

Through its Start Your Impossible campaign, Toyota highlights the way it partners with community, civic, academic and governmental organizations to address our society's most pressing mobility challenges. We believe that when people are free to move, anything is possible. For more information about Toyota, visit www.toyotanewsroom.com.

Contact:         
Victor Vanov
469-292-1318
victor.vanov@toyota.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/toyota-motor-north-america-announces-manufacturing-executive-changes-301177397.html

SOURCE Toyota Motor North America

FAQ

What executive changes are happening at Toyota Motor North America (TM)?

Toyota Motor North America is making notable executive changes in its manufacturing sector effective January 4, 2021.

Who is the new president of Toyota Motor Manufacturing, Mississippi (TMMMS)?

David Fernandes will become the new president of Toyota Motor Manufacturing, Mississippi (TMMMS).

What is the significance of the new executive roles at Toyota Motor Manufacturing, Alabama (TMMAL)?

Jason Puckett will lead TMMAL, which is undergoing an important expansion and production enhancement.

How many jobs were created due to the expansion at Toyota Motor Manufacturing, Alabama (TMMAL)?

The expansion at TMMAL resulted in the creation of 450 new jobs.

Toyota Motor Corporation American Depositary Shares (Each representing ten Ordinary Shares)

NYSE:TM

TM Rankings

TM Latest News

TM Stock Data

228.78B
1.31B
1.58%
0.05%
Auto Manufacturers
Consumer Cyclical
Link
United States of America
Toyota