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Japan's Toshiba CEO steps down amid restructuring efforts

Art Post · 3/2/227:59 AM

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 Tuesday that its board had decided Taro Shimada, an executive officer and corporate senior vice president, would replace Satoshi Tsunakawa as chief executive. Shimada was an executive at Siemens, both in Japan and the U.S., before joining Tokyo-based Toshiba Corp. in 2018, working in...

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Japan's Toshiba CEO steps down amid restructuring efforts

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