URGENT: Toshiba president, other execs to step down: source

Economy

Toshiba Corp. President and CEO Satoshi Tsunakawa and other executives are set to resign, sources with knowledge of the matter said Tuesday, amid management instability caused by the industrial conglomerate's restructuring plan. Toshiba said in February it plans to split into two listed companies instead of three after its initial rehabilitation scheme brought stiff opposition from activist shareholders who desired an increase in the share price.

Kyodo News

Kyodo News