Chief executive quits Toyota NZ

Toyota New Zealand has today announced the resignation of Neeraj Lala from the position of chief executive officer.

The company notes Lala has been a pivotal part of the organisation for 26 years, including the past four years in the top role, and contributed significantly to its growth and success.

“Most recently he has been instrumental in guiding us through the Covid-19 pandemic and associated global supply constraints, introducing our line-up of electrified product, proactive and transparent government advocacy, and maintaining a customer-focused approach throughout,” adds Toyota NZ.

The board thanked Lala, pictured above, for his dedication and leadership.

Lala, who as of June 27 this year took a personal leave of absence from his duties as chief executive officer, says he has loved every moment of his time at Toyota. 

“My total working life of 26 years straight from university is a long time with one company, and I am incredibly proud of what we have accomplished together,” he explains.

“At 50, it feels like the right time in my life and career to transition out of the CEO role, especially with Toyota in such good health. As many know, I have a broad passion for business, and it’s time to explore those interests further.”

Lala says memories and milestones of his time with the business include its “amazing people, winning Kantar’s Corporate Reputation Index, leading the company to 36 years of consecutive market leadership in four of our toughest years, and my time in Los Angeles with Toyota in North America”. 

“My passion for clean energy and the introduction of Toyota’s hydrogen fuel cells to New Zealand is also another highlight,” he continues.

“Mostly, I am grateful for the opportunity to have led such a dedicated and talented team. I am confident that the company is in good hands and poised for continued success."

Tatsuya Ishikawa, who has been with Toyota Motor Corporation for 20 years and Toyota NZ for more than a year as vice-president and chief co-ordinating officer, will continue in the role of acting chief executive officer. 

Ishikawa, pictured below, says: “I am honoured to accept this role and continue driving the success of Toyota New Zealand. Our focus remains on winning the hearts and minds of New Zealanders and providing mobility for all. 

“We are committed to delivering value to our customers, shareholders, and employees. We wish Neeraj every success in his future endeavours.”