PLANO, Texas – November 05, 2026 -- Toyota Motor North America (TMNA) will replace its chief executive on January 1, 2027, handing the top job to Mark Templin as Ted Ogawa returns to Toyota Motor Corporation (TMC) in Japan after a tenure that saw nearly $60 billion in cumulative U.S. investment.
Templin moves up from COO as Nambu arrives from Japan
Templin, currently TMNA's executive vice president and chief operating officer, becomes president and CEO. He will lead North American manufacturing, research and development, sales, marketing, product support and corporate functions.
Hiroshi Nambu, currently president of TMC's Business Planning & Operation division, succeeds Templin as COO. In that division he oversees planning across sales, operations, mobility and the value chain. Nambu joined Toyota in 1993 and previously worked at Toyota Motor Sales USA. From 2004 to 2007 he helped coordinate product planning and development among Toyota's U.S. sales, manufacturing and technical organizations.
Ogawa stays through March 2027 before taking a Senior Fellow role at TMC
Ogawa remains CEO through December 31, 2026. He then serves as Senior Executive Advisor from January through March 2027 and takes up his post as Senior Fellow at TMC in April. In that role he will oversee external affairs activities for some Toyota-owned businesses.
Ogawa has led Toyota's North American operations since April 2020. He joined TMC in 1984 and has held roles in Japan, China and the United States, including deputy CEO of Toyota's China Region and president of Toyota Motor China Investment Co., Ltd. Before becoming CEO he was TMNA's executive vice president and COO.
Battery plant and San Antonio expansion anchor Ogawa's investment record
Toyota Battery Manufacturing, North Carolina, opened in 2025 as the company's first in-house battery plant outside Japan. The investment of nearly $14 billion creates up to 5,100 jobs.
Toyota has also announced plans to invest up to $10 billion more in U.S. operations over five years, which would bring its total U.S. investment to nearly $60 billion. A $3.6 billion expansion of its San Antonio, Texas, manufacturing operations is meant to increase production capacity and create approximately 2,000 jobs.
Toyota says Ogawa guided TMNA through a global pandemic, supply chain disruptions and regulatory challenges. It also credits him with deeper collaboration across manufacturing, R&D, sales, marketing and corporate teams. He advocated for approximately 65,000 North American employees, as well as dealers and suppliers.
Incoming executives pledge competitiveness and dealer and supplier ties
Templin said he is "honored to build on the foundation" Ogawa established, working with team members, dealers and suppliers. Nambu said he will work with Templin to strengthen competitiveness and collaboration across North American operations.