Toshiba is getting a new CEO. It suggests a sale option might get reconsidered over a controversial breakup plan. The bad governance that has dogged the conglomerate means any optimism should be muted for now, says JennHughes13
Toshiba said on March 1 that Chief Executive Satoshi Tsunukawa had resigned and would be replaced by senior executive Taro Shimada, effective immediately.
The company added that Mamoru Hatazawa had resigned as an executive officer but would continue to serve as a director and that Tsunukawa would continue to serve as board chairman on an interim basis.Toshiba Corp CEO Satoshi Tsunakawa bows at the start of a news conference at the company's headquarters in Tokyo, Japan March 14, 2017. REUTERS/Issei Kato - RC11DCC1E840
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