Tsunakawa named Toshiba chairman after investors oust Nagayama ...Qatar

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Toshiba’s board appointed CEO Satoshi Tsunakawa as interim chairman on Friday after investors voted to oust his predecessor in a stunning rebuke for its collusion with the Japanese government against shareholders. Tsunakawa’s appointment came after shareholders delivered a clear message to management by voting out Osamu Nagayama as chairman and another director over the handling of the scandal, which has put Japan’s corporate governance under the microscope. “The company recognises the seriousness of the rejection,” of the two, Toshiba said in a statement. The board said in a separate statement that it had would identify a permanent successor for Tsunakawa and would consider external candid

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Last updated : 25 June 2021 clock 09:31 PM

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Tsunakawa named Toshiba chairman after investors oust Nagayama ...Qatar

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