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TOYO Co., Ltd Announces Leadership Transition
TOKYO, March 18, 2026 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) (OTC: TOYWF), ("TOYO" or the "Company"), a solar solution company, today announced a
About this update from Toyo Co., Ltd
[{"type":"text","content":"TOKYO, March 18, 2026 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) (OTC: TOYWF), (\"TOYO\" or the \"Company\"), a solar solution company, today announced a planned leadership transition and the strengthening of its executive team to support the Company's next phase of growth.\nCEO and Chairman RetirementThe Company announced that Junsei Ryu retired from his role as Chief Executive Officer and Chairman of the Board effective March 18, 2026. Mr. Ryu plans to continue to serve as an advisor to the Board for a 12‑month transition period to ensure an orderly handover of responsibilities.\"The Board is deeply grateful to Mr. Ryu for his exceptional leadership in taking the Company public in 2024, driving our expansion into Ethiopia and the U.S., and for his unwavering commitment to our customers, partners, and employees,\" said Alfred \"Trey\" Hickey, an Independent Director of TOYO. \"He has positioned the Company on a strong footing, with a clear strategy and a robust balance sheet, and we wish him the very best in his retirement.\"Appointment of New CEO and ChairmanMr. Takahiko Onozuka is appointed as CEO and Chairman of the Board as of March 18, 2026. He is an accomplished global executive with over 40 years of experience in international finance, energy infrastructure, and decarbonization. He has strong track record in project and structured finance, business origination, risk management, and stakeholder engagement across Asia, Europe, the Middle East, and Africa.Prior to joining the Company, he held senior roles at Japan Bank for International Cooperation (\"JBIC\") and Sumitomo Corporation, leading major cross‑border projects in oil and gas, power generation, liquefied natural gas, railways, and renewable energy. Since September 2025, he has served as General Manager of the Global Decarbonization Promoting Office at Abalance Corporation, driving key energy transition initiatives.Mr. Onozuka holds a Bachelor of Laws (LL.B.) from Waseda University, has completed advanced coursework in physics and engineering at Tokyo Institute of Technology, and holds multiple nationally accredited certifications in energy management and power systems.\"I am honored to be chosen to lead TOYO at such an exciting moment for the Company and the solar industry,\" said Mr. Onozuka. \"Building on the strong foundation the team has created, we will cont...