HOME > BUSINESS >Toshiba CEO to step down as board meets Wednesday to consider his future: source
Toshiba CEO to step down as board meets Wednesday to consider his future: source
Reuters | Apr 13, 2021 09:14 PM EDT
Toshiba Corp s CEO Nobuaki Kurumatani attends a news conference at the company s headquarters in Tokyo, Japan (Photo : REUTERS/Issei Kato)
Toshiba Corp Chief Executive Nobuaki Kurumatani plans to step down as other board members consider his future at the industrial conglomerate amid controversy over a $20 billion buyout bid from his former employer, CVC Capital Partners, a source with knowledge of his decision said.
Kurumatani, who has run the company for three years, faces a board meeting on Wednesday that will consider removing him, according to the source and another one with knowledge of the discussion. Local media said company Chairman Satoshi Tsunakawa was a possible successor.
By Reuters Staff
1 Min Read
FILE PHOTO: Toshiba Corp s CEO Nobuaki Kurumatani attends a news conference at the company s headquarters in Tokyo, Japan, May 15, 2018. REUTERS/Issei Kato/File Photo
TOKYO (Reuters) - Toshiba Corp Chief Executive Nobuaki Kurumatani wants to leave his busy job and “recharge”, the Nikkei financial daily reported on Wednesday.
The Nikkei quoted the executive as saying late on Tuesday that he had discussed the decision with his family.
The company said earlier that its board would meet later in the day to discuss top management issues, amid controversy over a $20 billion buyout bid from his former employer, CVC Capital Partners.
4 Min Read
TOKYO (Reuters) - Toshiba Corp Chief Executive Nobuaki Kurumatani plans to step down as other board members consider his future at the industrial conglomerate amid controversy over a $20 billion buyout bid from his former employer, CVC Capital Partners, a source with knowledge of his decision said.
FILE PHOTO: Toshiba Corp s CEO Nobuaki Kurumatani attends a news conference at the company s headquarters in Tokyo, Japan, May 15, 2018. REUTERS/Issei Kato
Kurumatani, who has run the company for three years, faces a board meeting on Wednesday that will consider removing him, according to the source and another one with knowledge of the discussion. Local media said company Chairman Satoshi Tsunakawa was a possible successor.