FA16 Toy.mtr.29

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RNS Number : 8889W

Toyota Motor Credit Corp

14 December 2023

Publication of Form 8-K - Toyota Motor Credit Corporation

Toyota Motor Credit Corporation has published its Current Report on Form 8-K dated December 12, 2023, which it has filed with the Securities and Exchange Commission on December 13, 2023, announcing the following events:

"Toyota Motor Credit Corporation (the "Company" or "TMCC") announced today that Scott Cooke has been appointed by the Company's Board of Directors (the "Board") to succeed Mark Templin as the Company's President and Chief Executive Officer, effective January 2, 2024. Mr. Cooke, who joined Toyota in 2003, was named Senior Vice President of TMCC in January 2022 and has served as Director of TMCC since June 2019. He was named as Chief Financial Officer of TMCC in April 2019 and served as a Group Vice President from December 2017 to January 2022. Mr. Cooke has served as Chief Financial Officer of Toyota Financial Services International Corporation ("TFSIC"), the direct parent of TMCC, since June 2019.

Mr. Templin is assuming the title of Chairman of the Board of TMCC. Mr. Templin, who joined Toyota in 1990, will also continue to serve as Director, President and Chief Operating Officer of TFSIC and Director and Group Chief Operating Officer of Toyota Financial Services Corporation, the direct parent of TFSIC and a wholly-owned subsidiary of Toyota Motor Corporation.

James Schofield, 46, will succeed Mr. Cooke as Chief Financial Officer of TMCC. Mr. Schofield joined TMCC in August 2021 as Vice President of Finance, Treasury, Competitiveness, Mergers and Acquisitions and was named Group Vice President in June 2022. Prior to joining TMCC, Mr. Schofield served Lloyds Banking Group as Managing Director from July 2006 to June 2021. Mr. Schofield's responsibilities at Lloyds included leading a multinational team responsible for advising global corporate and real estate clients on financial risk management, including interest rates, currency, credit, and inflation exposure.

For additional biographical information on Messrs. Cooke and Templin, please see pp. 115 - 117 in our Annual Report on Form 10-K for the fiscal year ended March 31, 2023, which was filed with the Securities and Exchange Commission on June 2, 2023."

A copy of this announcement will be submitted to the National Storage Mechanism and will be available shortly at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

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December 14, 2023 11:34 ET (16:34 GMT)

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