Toshiba CEO Tsunakawa replaces ousted board chairman newsonjapan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsonjapan.com Daily Mail and Mail on Sunday newspapers.
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: Toshiba Corp said it will drop two existing directors from its board as major shareholders demanded accountability after a probe showed unfair practices in last year’s selection process.
The conglomerate won’t put forward the names of Junji Ota and Takashi Yamauchi for another term, it said in a statement after a special meeting.
It also won’t reappoint executive officers Masayasu Toyohara and Masaharu Kamo, the company said.
A independent probe showed Toshiba sought government help in an attempt to influence a key shareholder vote that installed its slate of directors.
Toshiba blames former CEO for scandal econotimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econotimes.com Daily Mail and Mail on Sunday newspapers.
Toshiba Corp. said it will drop two existing directors from its board as major shareholders demanded accountability after a probe showed unfair practices in last year’s selection process.