Toshiba CEO faced board ouster before $20-billion buyout offer, sources say Makiko Yamazaki, Noriyuki Hirata and Takashi Umekawa TOKYO Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Issei Kato/Reuters
Toshiba board members planned to oust CEO Nobuaki Kurumatani before CVC Capital Partners launched a $20-billion buyout bid last week, telling him the day before the offer was announced they would replace him, people familiar with the matter said.
Two members of Toshiba Corp’s nomination committee, including board chairman Osamu Nagayama, met Kurumatani, himself a former CVC executive, and told him they intended to look for a new chief executive, three of the people said.
International Business News: Toshiba board members planned to oust CEO Nobuaki Kurumatani before CVC Capital Partners launched a $20 billion buyout bid last week, telling him the
Toshiba's board planned to oust troubled CEO Nobuaki Kurumatani before CVC Capital Partners launched a $20 billion buyout bid last week, informing him a day before the offer was announced that it would replace him, people familiar with the matter said.
Toshiba board planned to oust CEO before $20 billion buyout offer: report business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Exclusive: Toshiba board planned to oust CEO before $20 billion buyout offer - sources reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.