Japan’s Toshiba CEO Steps Down Amid Restructuring Efforts

Japan’s Toshiba CEO Steps Down Amid Restructuring Efforts
New Toshiba Chief Executive Officer Taro Shimada (R) and current Chief Executive Satoshi Tsunakawa (L) attend an online press conference in Tokyo on March 1, 2022. Toshiba Corporation via AP
The Associated Press
Updated:

TOKYO—Japanese technology giant Toshiba has named a new chief executive as it seeks shareholder approval for a restructuring plan aimed at restoring its reputation and competitiveness.

The company said Tuesday that its board had decided Taro Shimada, an executive officer, and corporate senior vice president, would replace Satoshi Tsunakawa as chief executive.