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Toshiba appoints industry outsider as CEO after scandals and record losses

via The Japan Times    Feb 14, 2018
Credit : Bloomberg

Toshiba Corp. is bringing in an outsider to lead the electronics maker, which has been battered by accounting scandals, record losses and downsizing.

Nobuaki Kurumatani, representative director of CVC Capital Partners Ltd. and former vice president at Sumitomo Mitsui Banking Corp., will become chief executive officer and chairman of Toshiba Corp., the Tokyo-based manufacturer said in a statement Wednesday. Satoshi Tsunakawa will step down as CEO...

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