On Friday, Toyota Motor North America and Toyota Financial Services  announced executive changes that the companies said further strengthen their leadership in key areas.

According to a news release, Holly Walters, president and chief executive officer of Toyota Financial Savings Bank, was promoted to chief information officer and group vice president of information systems for TMNA. In her new role, Toyota said, Walters will oversee the company’s information systems, solutions and technology.

The company said Walters will report directly to Zack Hicks, chief digital officer and executive vice president of digital transformation and mobility.

Walters joined Toyota in 2007 as TFSB chief technology officer, responsible for the bank’s technology strategy and implementation. Prior to joining Toyota, Walters held a number of other senior roles focusing on the integration of technology and business operations, solution development and deployment, and IT risk and compliance. 

Elsewhere, Toyota also said Mike Owens was promoted to group vice president and chief risk officer at TFS. In this expanded role, Owens will have the added responsibility of overseeing TFS’ international affiliates in the Americas Oceania region.

The company noted Owens will continue to serve as chairman of the board of directors for TFSB and report to Mark Templin, president and CEO of TFS.

Owens joined Toyota in 2002 and has more than 25 years of experience in credit analysis, risk management, account management, and business development across the auto, home mortgage, commercial and credit card lines of business.