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Toyota Financial Services President & CEO George Borst to Retire, Mike Groff to be Appointed New Company President & CEO

TORRANCE, Calif.,July 29, 2013 — Toyota Financial Services (TFS) announced today that George Borst, the company’s U.S. leader of 16 years will be retiring effective September 30, 2013, after which he will assume the role of Executive Advisor until the end of calendar year 2014. Appointed to replace Borst is Mike Groff, currently Senior Vice President, Sales, Marketing & Product Development at TFS.


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