Toyota Announces Executive Personnel and Organizational Changes

Tokyo, Japan, June. 27, 2003 - (JCN Newswire) - TOYOTA MOTOR CORPORATION
(TMC) announced a new board of directors and new corporate auditors,
among other changes in accordance with its new management system, at its
annual general shareholders meeting today. 

The changes, including appointments to the new non-board post of
managing officer, were approved at a board meeting following the general
shareholders meeting. Also approved were the areas of responsibility for
each executive vice president, the overseeing and coordinating roles of
each senior managing director and the organizational duties of each
managing officer. 

Details of the new board, managing officers and corporate auditors, as
well as of changes in TMC's organizational structure, are as follows: 

Executives and corporate auditors 

Members of the Board of Directors (27 people)

Managing officers (39 people)

Corporate auditors (7 people) (Asterisk indicates new appointee.)

Retiring directors (9 people)

Retiring auditors (3 people) 

Organizational changes 

At the group level

At the center and division level

Please see http://www.toyota.co.jp/IRweb/corp_info/news/index.html for
all details.

As a result of the above changes, the number of divisions will increase
from 209 to 212.


About Toyota Motor Corporation

Toyota Motor Corporation was established in 1937
and is one of the world's biggest automakers operating worldwide.
The company operates a joint venture with General Motors in California.
Toyota enjoys a strong 40%-plus domestic market share (excluding
minicars). Boasts highly efficient production thru lean production
system.For further information, please visit the Toyota Motor
Corporation home page at: www.global.toyota.com/index.html
<http://www.global.toyota.com/index.html>