Skip to Content

Japan’s Toshiba CEO steps down amid restructuring efforts

<i></i><br/>
KMIZ

By YURI KAGEYAMA
AP Business Writer

TOKYO (AP) — Japanese technology giant Toshiba has named a new chief executive as it seeks shareholder approval for a restructuring plan aimed at restoring its reputation and competitiveness. The company said Taro Shimada, an executive officer and senior vice president, would replace Satoshi Tsunakawa as chief executive. Toshiba was one of Japan’s most revered brands but it has been struggling since the Fukushima nuclear disaster in March 2011. Its reputation was tarnished, also, by a major accounting scandal. Toshiba plans to split into two companies, one focused on infrastructure and the other on devices. An extraordinary shareholders’ meeting is set for March 24. 

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content