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Toyota Motor Sales Announces Management Changes

August 30, 2007

TORRANCE, Calif. — Toyota Motor Sales, USA Inc. announced management changes for its Toyota and Lexus divisions, as well as for its Toyota Financial Services (TFS).

The following executive assignments are effective immediately:

David Nordstrom, vice president, TFS product and marketing, is appointed vice president, Lexus marketing, filling the position previously held by Deborah Wahl Meyer. Nordstrom will be responsible for all marketing activities for the Lexus Division. Nordstrom will report to Jim Farley, group vice president and general manager, Lexus Division.

Since joining TFS in 1990, Nordstrom has held management positions including corporate manager of product, remarketing and brand, and regional manager of TFS' Western Region.

Mike Wells, vice president and general manager, San Francisco Region, is appointed vice president, TFS product and marketing, replacing David Nordstrom. Wells will oversee the product development and marketing for TFS' insurance and finance products. Wells will report to David Pelliccioni, senior vice president, TFS sales and marketing.

Since joining Toyota in 1986, Wells has held management positions including vice president of sales and dealer development, Lexus, and vice president of marketing, Lexus. He also held the positions of corporate and general manager of Toyota Financial Services, Insurance, and corporate manager and dean of dealer education and development, University of Toyota.

Tom Devany, corporate manager, sales operations, is appointed general manager, San Francisco Region, replacing Mike Wells. Devany will be responsible for directing sales, service and parts, marketing, customer service, market representation and distribution for Toyota Division dealers in the San Francisco Region. Devany will report to Bill Fay, vice president of sales, Toyota Division.

Devany joined TMS in 1991 and worked most recently as corporate manager, sales operations, where he served as the sales department liaison with regional and private distributor offices.

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