Toyota Motor Co. announced Friday that Scott Cooke and Cindy Wang have been promoted to new positions within Toyota Financial Services, effective Jan. 1.
Cooke was named group vice president and chief risk officer while Wang takes the title of group vice president of treasury.
Since joining Toyota in 2003, Scott has held a number of roles including director of market risk, economic capital, and international treasury; head of strategic planning and competitive intelligence; and corporate manager of dealer credit. He began his most recent role in August 2015 as vice president of risk, dealer credit, and information security, and in his new role will have even more control over the risk department.
Wang will be leading the Treasury and Vendor Management Office (VMO) business units within Toyota Motor Credit Corp. (TMCC), according to the company press release. She joined Toyota in 2005 as a treasury liquidity projects manager. Since then she’s continually taken on more responsibilities capital markets, derivatives and rate desk, and sales and trading.
Both moves are “promotions in place” for the executives as Toyota Financial Services looks to recognize their accomplishments and the “wide range of responsibilities each has taken on,” a spokesman said.
Toyota’s new Plano, Texas, headquarters officially opened in July and aims to bring the OEM and captive arm closer together. The move from California to Texas has prompted several executive changes over the years building up to the move, including more than 300 employees in various rungs of the company that agreed to relocate, the company previously told AFN. By yearend the lender expected all employees to have relocated.
