Toshiba CEO resigns amid opposition to restructuring plans


Sudden decision: The timing of the announcement by Tsunakawa to resign is a surprise. — AFP

TOKYO: Toshiba Corp says chief executive Satoshi Tsunakawa is resigning – a sudden departure that comes after sources say internal opposition to the industrial conglomerate’s controversial restructuring plans grew.

Toshiba’s initial plan to split the conglomerate into three had been much criticised by foreign hedge fund shareholders.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Smart city can’t beat the traffic
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read