Toyota Motor Sales Announces Management Changes

TORRANCE, Calif., Aug. 29, 2007 -- Toyota Motor Sales, USA, Inc. announced management changes for its Toyota and Lexus divisions, and Toyota Financial Services (TFS).

The following executive assignments are effective immediately:

David Nordstrom, vice president, TFS product and marketing, is appointed vice president, Lexus marketing, filling the position previously held by Deborah Wahl Meyer. Nordstrom will be responsible for all marketing activities for the Lexus Division. Nordstrom will report to Jim Farley, group vice president and general manager, Lexus Division.

Since joining TFS in 1990, Nordstrom has held numerous key management positions including corporate manager of product, remarketing and brand, and regional manager of TFS' Western Region.

Mike Wells, vice president and general manager, San Francisco Region, is appointed vice president, TFS product and marketing, replacing David Nordstrom. Wells will oversee the product development and marketing for TFS' insurance and finance products. Wells will report to David Pelliccioni, senior vice president, TFS sales and marketing.

Since joining Toyota in 1986, Wells has held numerous key management positions including vice president of sales and dealer development, Lexus, and vice president of marketing, Lexus. He also held the positions of corporate and general manager of Toyota Financial Services, Insurance, and corporate manager and dean of dealer education and development, University of Toyota.

Tom Devany, corporate manager, sales operations, is appointed general manager, San Francisco Region, replacing Mike Wells. Devany will be responsible for directing sales, service and parts, marketing, customer service, market representation and distribution for Toyota Division dealers in the San Francisco Region. Devany will report to Bill Fay, vice president of sales, Toyota Division.

Devany joined TMS in 1991 and worked most recently as corporate manager, sales operations, where he served as the sales department liaison with regional and private distributor offices.

Toyota Motor Sales, USA, Inc. is the marketing, sales, distribution and customer service arm of Toyota, Lexus and Scion vehicle brands in the United States, celebrating its 50th anniversary in America this year. Established in 1957, TMS markets products and services through a network of more than 1,400 Toyota, Lexus and Scion dealers. Toyota directly employs over 33,000 people in the U.S. and sold more than 2.5 million vehicles in 2006. For more information about our company, please visit http://www.toyota.com/, http://www.lexus.com/ and http://www.scion.com/.

NOTE TO EDITORS: Additional corporate information and executive biographies for members of the news media are available at http://pressroom.toyota.com