Tagged With "Kurumatani"

CHIBA – Toshiba Corp. Chairman and CEO Nobuaki Kurumatani outlined the company’s plans to improve earnings when he met with shareholders at an annual meeting Wednesday. During the meeting, which was held at the Makuhari Messe convention center in the city of Chiba, Kurumatani said the major electronics- and machinery-maker will carry out procurement reforms and radical expense reductions. He also said that the company aims to generate a profit stream from information analysis services, as...

TOKYO (AP) — Nobuaki Kurumatani, the outsider tapped to lead scandal-tarnished Japanese electronics company Toshiba Corp., is promising a turnaround in five years by reshaping its operations and boosting profitability. Kurumatani, the first outsider to be appointed chief executive at Toshiba in more than half a century, acknowledged the system of governance and risk management had been weak. He stressed he brought to the company his experience in the financial sector, where compliance...