Toshiba’s CEO to Step Down After Losing Employee Support
SYNDICATED 3 hours ago (Bloomberg) Toshiba Corp. said Chief Executive Officer Nobuaki Kurumatani will be replaced by Chairman Satoshi Tsunakawa, an abrupt leadership reshuffling that casts doubt on potential buyout offers for the $20 billion Japanese icon.Toshiba said the changes are effective immediately in an announcement Wednesday. The company will soon begin considering successors for Tsunakawa, who returns to the CEO job he held previously, said.
Toshiba Reinstates Chairman as Officer to Deal With Effissimo
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Toshiba Chairman Returns as Officer to Deal With Effissimo
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Toshiba Up 16% on Plan to Join Tokyo Exchange s Top Section
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Toshiba Again Seeks Acquisitions After String of Deal Flops
Bloomberg 12/18/2020 Pavel Alpeyev and Yuki Furukawa © Bloomberg Nobuaki Kurumatani, chief executive officer and chairman of Toshiba Corp., speaks during a media round table in Tokyo, Japan, on Tuesday, April 3, 2018. Toshiba is sticking with its plans to sell its memory chip unit despite regulatory hurdles, Kurumatani said.
(Bloomberg) Toshiba Corp., chastened by a string of disastrous overseas acquisitions, is once again looking to buy. This time more cautiously and closer to home in Japan.
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The Tokyo-based industrial giant is looking at small and mid-size firms, especially those in areas adjacent to its own infrastructure services and digital technology businesses, Chief Executive Officer Nobuaki Kurumatani said in an interview.