4 Min Read
TOKYO (Reuters) - Toshiba Corp Chief Executive Nobuaki Kurumatani plans to step down as other board members consider his future at the industrial conglomerate amid controversy over a $20 billion buyout bid from his former employer, CVC Capital Partners, a source with knowledge of his decision said.
FILE PHOTO: Toshiba Corp s CEO Nobuaki Kurumatani attends a news conference at the company s headquarters in Tokyo, Japan, May 15, 2018. REUTERS/Issei Kato
Kurumatani, who has run the company for three years, faces a board meeting on Wednesday that will consider removing him, according to the source and another one with knowledge of the discussion. Local media said company Chairman Satoshi Tsunakawa was a possible successor.
4 Min Read
TOKYO (Reuters) - Toshiba Corp Chief Executive Nobuaki Kurumatani plans to step down as other board members consider his future at the industrial conglomerate amid controversy over a $20 billion buyout bid from his former employer, CVC Capital Partners, a source with knowledge of his decision said.
FILE PHOTO: Toshiba Corp s CEO Nobuaki Kurumatani attends a news conference at the company s headquarters in Tokyo, Japan, May 15, 2018. REUTERS/Issei Kato
Kurumatani, who has run the company for three years, faces a board meeting on Wednesday that will consider removing him, according to the source and another one with knowledge of the discussion. Local media said company Chairman Satoshi Tsunakawa was a possible successor.
Japanese shares closed lower on Tuesday as investors booked profits from recent rallies, while worries about the economic impact from a possible fourth wave of the COVID-19 in the nation hurt sentiment.
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7 Apr, 2021 Author Yuzo Yamaguchi
More institutional investors in Japan will likely join Nippon Life Insurance Co. in dialing up pressure on their portfolio companies to go greener more aggressively, experts say, after the nation s largest life insurer went as far as threatening to off-load investments that are not tackling emissions adequately.
Nippon Life, also the third-largest Asian institutional investor by assets under management, said in February that companies in its ¥10 trillion domestic portfolio must achieve net-zero emissions by 2050, or risk being divested. The insurer also said it would start investing in companies actively tackling emissions from the current fiscal year beginning April 1.
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