Toyota Financial Services South Africa (TFSSA) recently announced that Thabo Manaka has been named its new CEO, effective 1 January 2021. Manaka is succeeding Marius Burger, who is retiring at the end of the year after seven years at the helm.
Currently the director and senior vice president of corporate administration at TFSSA, Manaka has risen through the ranks after joining the financial services company in 2007. His career spans both the public and private sector, having accumulated a wealth of knowledge in areas such as compliance, information technology, legal, risk management, corporate governance and human resources.
Andrew Kirby, president and CEO of Toyota South Africa Motors - also Chairman of TFSSA, says: “Toyota South Africa Motors can rely on Manaka and his continued support at TFSSA. He has demonstrated his range of management skills, along with experience and curiosity that could not be more relevant to transform TFS into a mobility-savvy organisation in the years ahead.”
”It is only with teamwork that the challenging TFSSA goals can be achieved. As a business that forms part of the Toyota Group, the principles of ‘The Toyota Way’ and ‘Kaizen’ will continue to shine through in everything that we do together. This will drive us to our vision to become the most admired motor manufacturer group in South Africa,” concludes Kirby.
I thank the board and the shareholders for the confidence they have in me to lead Toyota Financial Services. The year has been challenging so far with difficulties attributed to the Covid-19 pandemic, impacting all people, not only locally, but the entire globe.