Toyota Motor Corporation and Indus Motor Company Limited announced today the appointment of Koji Hyodo as Advisor to Vice Chairman IMC. - Jul 3, 2008
Koji Hyodo has 28 years of working experience with TMC companies including overseas affiliates, and prior to this appointment served as General Manager, Asia Oceania & Middle East Project Division, based at Toyota headquarters in Japan.



Hyodo’s appointment at Indus Motor is part of a greater engagement by Toyota Motor Corporation following 12.5% acquisition of IMC equity from the House of Habib and through public tender offer in June 2008. Consequent to this change, TMC share holding in IMC now stands at 25% and together with Toyota Tsusho Corporation stake of 12.5%, represents 37.5% of total shares. House of Habib will continue to retain the management of the company. Increase of TMC shareholding in IMC augers well for the company and country and reflects Toyota’s long term commitment to the growth of the automotive industry in Pakistan.