Mike Groff (PRNewsfoto/Toyota Financial Services)
Mike Groff, President and CEO of Toyota Financial Services (TFS), will retire August 13, but will serve as an executive advisor until November 16, 2018. He will be replaced by Mark Templin.
“Mark brings a global depth of knowledge and experience in both the finance and automotive sides of the business,” said Groff. “He understands how to meet the needs of our dealer partners and our distributor affiliates. His Lexus background means he knows how to deliver best-in-class customer experiences.”
Templin joined the Toyota team in 1990 and has retained the position of Chairman of the Board of Directors of Toyota Motor Credit Corporation (TMCC) since May 2016. He currently serves as Director, President and Chief Operating Officer of TFSIC and Director and Group Chief Operating Officer of Toyota Financial Services Corporation — and is expected to continue to do so after Groff steps down.
Groff, who is also a member of the company’s Board of Directors and CEO of the Americas Region of Toyota Financial Services International Corporation (TFSIC), will be retiring from these positions as well in August.
Under his leadership, Gross helped the company expand its commitment to corporate social responsibility. He also helped pushed forth the introduction of “a series of programs meant to support underserved youth, provide scholarships, and promote financial education among young people,” according to a news release.
“Mike (Groff) has positioned the company for continued success and I look forward to building on our strong heritage of delivering the best products and services to meet the needs of our customers and dealer partners,” said Templin. “I know that we can be a great partner to the automotive side of the business in achieving Akio Toyoda’s vision of mobility for all.”
Mark Templin (PRNewsfoto/Toyota Financial Services)
