URGENT: Toshiba CEO likely to resign over management rift: sources

Economy

Toshiba Corp. President and CEO Nobuaki Kurumatani will likely resign, sources with knowledge of the matter said Tuesday amid a perceived management rift over a potential buyout by British private equity firm CVC Capital Partners. Toshiba's board of directors is expected to discuss whether Kurumatani should stay in the post at a meeting on Wednesday, according to the sources.

Kyodo News

Kyodo News