Toshiba CEO suddenly resigns amid opposition to restructuring plans


FILE PHOTO: The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan June 10, 2021. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) -Toshiba Corp said on Tuesday CEO Satoshi Tsunakawa has resigned - a sudden departure that comes after sources said revised restructuring plans sparked opposition within the company in addition to long-standing anger from shareholders.

New interim CEO Taro Shimada said, however, that the company would continue to pursue its current break-up plan as it had been approved by the board.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

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 Tech News

Apple, Google and others tell some foreign employees to avoid traveling out of the country
Opinion: Apple’s leadership exodus isn’t a crisis. It’s just smart transition planning
Opinion: AI is getting dangerously good at political persuasion
Cybersecurity experts warn that this browser extension is selling your chats with ChatGPT
New York to require social media platforms to display mental health warnings
Atos to sell Latin American businesses to Brazil's Semantix
Toys are talking back thanks to AI, but are they safe around kids?
Tesla faces NHTSA probe over Model 3 emergency door handles
Ghana arrests dozens of Nigerians over online fraud ring
German politician urges more face-to-face interaction in digital age

Others Also Read