updated: 6/23/2010 1:23:51 PM

Toyota Names New Princeton Plant President

InsideINdianaBusiness.com Report

Toyota Motor Manufacturing Indiana Inc. in Princeton has a new president. Norm Bafunno is moving into the post as part of a leadership shuffle at Toyota North America's manufacturing operations. He had been serving as vice president of production and engineering at Toyota's Kentucky facility.

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Source: Inside INdiana Business

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Press Release

ERLANGER, Ky. (June 23, 2010) – In an organizational move providing more regional autonomy to Toyota’s North American manufacturing operations, the company is making appointments resulting in increased local leadership at its plants.

“These changes allow us to move faster and more efficiently in key decision-making,” said Tetsuo Agata, president of Toyota Motor Engineering & Manufacturing North America (TEMA). “This is a natural progression for a global company, and I am pleased we are designating more responsibility to a seasoned group of Toyota veterans.”

The appointments listed below are effective July 1, 2010 unless noted, pending approval by the Toyota Motor Corporation board of directors on June 24:

-Ray Tanguay, currently president of the Ontario plant, is appointed chairman there;

-Steve St. Angelo, currently president of the Kentucky and Mississippi plants, is appointed chairman of the Kentucky plant, and on August 1 will be appointed chairman of the Mississippi plant;

-Brian Krinock is appointed president of the Ontario plant;

-Wil James is appointed president of the Kentucky plant;

-Masafumi Hamaguchi is appointed president of the Mississippi plant, beginning August 1;

-Norm Bafunno is appointed president of the Indiana plant;

-Chris Nielsen is appointed president of the Texas plant;

-Karl Kusturok is appointed vice president of production engineering at TEMA;

-Phil Rodi is appointed vice president of manufacturing in Ontario.

Bafunno and Nielsen are replacing Japanese presidents in Indiana and Texas, respectively.

About Toyota

Toyota (NYSE:TM) established operations in North America in 1957 and currently operates 13 manufacturing plants. A 14th plant is under construction in Mississippi and will open in fall 2011. There are more than 1,800 Toyota, Lexus and Scion dealerships in North America which sold more than 2.05 million vehicles in 2009. Toyota directly employs more than 35,000 in North America and its investment here is currently valued at more than $23 billion, including sales and manufacturing operations, research and development, financial services and design. Toyota's annual purchasing of parts, materials, goods and services from North American suppliers totals more than $25 billion. Toyota currently produces 12 vehicles in North America, including the Avalon, Camry, Corolla, Highlander, Matrix, RAV4, Sienna, Sequoia, Tacoma, Tundra, Venza and the Lexus RX 350. For more information about Toyota, visit www.toyota.com or www.toyotanewsroom.com.

Source: Toyota Motor Corp.

Press Release

Norm Bafunno is president of Toyota Motor Manufacturing Indiana, Inc. (TMMI) located in Princeton.

Prior to this role, he served as vice president of production engineering at Toyota Motor Engineering & Manufacturing, Inc. (TEMA), in Erlanger, Kentucky; where he was responsible for supporting Toyota’s North American facilities. This included all aspects of the vehicle manufacturing process including construction, equipment design, process development, safety and environmental support.

Mr. Bafunno joined Toyota in March of 1997 as part of the startup team as general manager of production at TMMI. During the next 12 years he was responsible, as senior vice president, for the production, manufacturing planning, administration and quality areas. TMMI’s $2.6 billion operation directly employs about 4,100 team members.

Before joining TMMI, he spent 14 years with GM in the truck manufacturing group. His engineering and management experience included vehicle body weld, paint and assembly operations. His last assignment with GM was assistant plant manager in Pontiac, Michigan.

Mr. Bafunno has served on various community boards including the Evansville Philharmonic Orchestra (past president 2005-2006); Southwestern Indiana American Red Cross (past vice president 2008-2009) and the Indiana Manufacturers Association (past chairman 2005). He currently serves on the University of Evansville’s Global Enterprise board.

Mr. Bafunno earned a Bachelor of Science degree in mechanical engineering from Purdue University and a Master of Management degree from Northwestern University. He and his wife Juli have three children.

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