Toshiba CEO Quits Ahead Of Shareholder Vote On Spin-Off Plan

Tokyo/Japan: Toshiba's CEO resigned on Tuesday, the Japanese conglomerate said, adding fresh uncertainty after already revising plans to split its businesses and just weeks before a key shareholder vote. Satoshi Tsunakawa had been chief executive for less than a year at the tech and industrial giant, which has lurched from crisis to crisis in recent decades. It comes ahead of an extraordinary shareholder vote on March 24 on Toshiba's plan to spin off its devices unit and sell "non-core" business including Toshiba Tec. The proposal is a revision of an earlier one to split into three companies, which got a mixed response, but Tsunakawa's resignation could spark another rethink on the plans. Toshiba said its new CEO Taro Shimada would "lead the company that will run the energy and infrastructure business" after the electronic devices segment is spun off in a binding resolution to be voted on in 2023. Tsunakawa will continue to serve as interim chair of the board of directors, Toshiba said in a statement.

Tokyo/Japan: Toshiba's CEO resigned on Tuesday, the Japanese conglomerate said, adding fresh uncertainty after already revising plans to split its businesses and just weeks before a key shareholder vote. Satoshi Tsunakawa had been chief executive for less than a year at the tech and industrial giant, which has lurched from crisis to crisis in recent decades. It comes ahead of an extraordinary shareholder vote on March 24 on Toshiba's plan to spin off its devices unit and sell "non-core" business including Toshiba Tec. The proposal is a revision of an earlier one to split into three companies, which got a mixed response, but Tsunakawa's resignation could spark another rethink on the plans. Toshiba said its new CEO Taro Shimada would "lead the company that will run the energy and infrastructure business" after the electronic devices segment is spun off in a binding resolution to be voted on in 2023. Tsunakawa will continue to serve as interim chair of the board of directors, Toshiba said in a statement.

Tokyo/Japan: Toshiba's CEO resigned on Tuesday, the Japanese conglomerate said, adding fresh uncertainty after already revising plans to split its businesses and just weeks before a key shareholder vote. Satoshi Tsunakawa had been chief executive for less than a year at the tech and industrial giant, which has lurched from crisis to crisis in recent decades. It comes ahead of an extraordinary shareholder vote on March 24 on Toshiba's plan to spin off its devices unit and sell "non-core" business including Toshiba Tec. The proposal is a revision of an earlier one to split into three companies, which got a mixed response, but Tsunakawa's resignation could spark another rethink on the plans. Toshiba said its new CEO Taro Shimada would "lead the company that will run the energy and infrastructure business" after the electronic devices segment is spun off in a binding resolution to be voted on in 2023. Tsunakawa will continue to serve as interim chair of the board of directors, Toshiba said in a statement.

Tokyo/Japan: Toshiba's CEO resigned on Tuesday, the Japanese conglomerate said, adding fresh uncertainty after already revising plans to split its businesses and just weeks before a key shareholder vote. Satoshi Tsunakawa had been chief executive for less than a year at the tech and industrial giant, which has lurched from crisis to crisis in recent decades. It comes ahead of an extraordinary shareholder vote on March 24 on Toshiba's plan to spin off its devices unit and sell "non-core" business including Toshiba Tec. The proposal is a revision of an earlier one to split into three companies, which got a mixed response, but Tsunakawa's resignation could spark another rethink on the plans. Toshiba said its new CEO Taro Shimada would "lead the company that will run the energy and infrastructure business" after the electronic devices segment is spun off in a binding resolution to be voted on in 2023. Tsunakawa will continue to serve as interim chair of the board of directors, Toshiba said in a statement.

Tokyo/Japan: Toshiba's CEO resigned on Tuesday, the Japanese conglomerate said, adding fresh uncertainty after already revising plans to split its businesses and just weeks before a key shareholder vote. Satoshi Tsunakawa had been chief executive for less than a year at the tech and industrial giant, which has lurched from crisis to crisis in recent decades. It comes ahead of an extraordinary shareholder vote on March 24 on Toshiba's plan to spin off its devices unit and sell "non-core" business including Toshiba Tec. The proposal is a revision of an earlier one to split into three companies, which got a mixed response, but Tsunakawa's resignation could spark another rethink on the plans. Toshiba said its new CEO Taro Shimada would "lead the company that will run the energy and infrastructure business" after the electronic devices segment is spun off in a binding resolution to be voted on in 2023. Tsunakawa will continue to serve as interim chair of the board of directors, Toshiba said in a statement.

Tokyo/Japan: Toshiba's CEO resigned on Tuesday, the Japanese conglomerate said, adding fresh uncertainty after already revising plans to split its businesses and just weeks before a key shareholder vote. Satoshi Tsunakawa had been chief executive for less than a year at the tech and industrial giant, which has lurched from crisis to crisis in recent decades. It comes ahead of an extraordinary shareholder vote on March 24 on Toshiba's plan to spin off its devices unit and sell "non-core" business including Toshiba Tec. The proposal is a revision of an earlier one to split into three companies, which got a mixed response, but Tsunakawa's resignation could spark another rethink on the plans. Toshiba said its new CEO Taro Shimada would "lead the company that will run the energy and infrastructure business" after the electronic devices segment is spun off in a binding resolution to be voted on in 2023. Tsunakawa will continue to serve as interim chair of the board of directors, Toshiba said in a statement.

Tokyo/Japan: Toshiba's CEO resigned on Tuesday, the Japanese conglomerate said, adding fresh uncertainty after already revising plans to split its businesses and just weeks before a key shareholder vote. Satoshi Tsunakawa had been chief executive for less than a year at the tech and industrial giant, which has lurched from crisis to crisis in recent decades. It comes ahead of an extraordinary shareholder vote on March 24 on Toshiba's plan to spin off its devices unit and sell "non-core" business including Toshiba Tec. The proposal is a revision of an earlier one to split into three companies, which got a mixed response, but Tsunakawa's resignation could spark another rethink on the plans. Toshiba said its new CEO Taro Shimada would "lead the company that will run the energy and infrastructure business" after the electronic devices segment is spun off in a binding resolution to be voted on in 2023. Tsunakawa will continue to serve as interim chair of the board of directors, Toshiba said in a statement.

Tokyo/Japan: Toshiba's CEO resigned on Tuesday, the Japanese conglomerate said, adding fresh uncertainty after already revising plans to split its businesses and just weeks before a key shareholder vote. Satoshi Tsunakawa had been chief executive for less than a year at the tech and industrial giant, which has lurched from crisis to crisis in recent decades. It comes ahead of an extraordinary shareholder vote on March 24 on Toshiba's plan to spin off its devices unit and sell "non-core" business including Toshiba Tec. The proposal is a revision of an earlier one to split into three companies, which got a mixed response, but Tsunakawa's resignation could spark another rethink on the plans. Toshiba said its new CEO Taro Shimada would "lead the company that will run the energy and infrastructure business" after the electronic devices segment is spun off in a binding resolution to be voted on in 2023. Tsunakawa will continue to serve as interim chair of the board of directors, Toshiba said in a statement.