News Feed

Scandal-hit Toshiba yesterday appointed a new president to steer the vast conglomerate past a huge accounting scandal that has hammered its reputation.
 Company veteran Satoshi Tsunakawa, 60, a senior vice president who joined Toshiba in 1979, will replace incumbent chief Masashi Muromachi in June.
Muromachi became interim president last July after top executives resigned over the scandal.
The Japanese company yesterday also named a new chairman, saying that new leadership was crucial as Toshiba restructures its business.
“The decision was made on the basis that a series of business restructuring initiatives is on track, and that the company should move forward to focus on growth with a new management team,” it said.