Toshiba CEO Satoshi Tsunakawa announced that he is stepping down from his post after management did not support the restructuring plan. Tsunakawa advocated splitting the company into 2 on the restructuring, while the other members thought that number should be three.
Japan-based giant manufacturer Toshiba had set out to undergo a major change in the past few days. As part of this change, led by the company’s CEO, Satoshi Tsunakawa, the company would split in two. While this would be the best choice for the company in the long run, according to Satoshi, the idea of splitting the company into two independent companies was spurred by other members of management who thought the company should be split into three. was not well received.
Today, the expected news came after the increasing tension in Toshiba. Satoshi Tsunakawa, CEO of Toshiba, resigned from his post explained. A vacant position in the Japanese company, which has been experiencing financial problems for years and undergoing a restructuring process. Senior Vice President Taro Shimada appointed.
The Vice President has also changed:
In addition to CEO Satoshi Tsunakawa, who left his position, the company’s Vice President Mamoru Hatazawa also left his post. Managing one of the company’s branches in place of Hatazawa Goro Yanase appointed. The giant company with 150 years of history, to vote on the restructuring plans on March 24 will hold an extraordinary shareholder meeting.
RELATED NEWS
Domestic Initiative Insider Became Turkey’s New “Unicorn” with 121 Million Dollars of New Investment!
Changes in Toshiba’s senior management to improve the financial situation between the board of directors and activist investors and aiming to promote more profitable business done. Foreign investors control about half of Toshiba’s stock and have recently begun to pressure management to reshape the company and improve the efficiency of its business model.
Source :
https://www.laprensalatina.com/toshiba-ceo-resigns-weeks-after-announcing-new-restructuring/