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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Japan’s Toshiba CEO Steps Down amid Restructuring Efforts

Toshiba Corp. President Satoshi Tsunakawa speaks during a press conference at the company's headquarters in Tokyo on Aug. 10, 2017. (AP)

Toshiba’s Chief Executive Satoshi Tsunakawa is stepping down, as the embattled Japanese technology giant seeks to restructure and restore its reputation.

Tsunakawa will be replaced by Taro Shimada, an executive officer and corporate senior vice president, under a decision made at a Toshiba board meeting Tuesday, the Tokyo-based company said.

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