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Toshiba’s CEO to add title of president in April 2020

Toshiba’s CEO to add title of president in April 2020

Mubasher: CEO of Japanese multinational conglomerate Toshiba Corporation is set to add the title of president in April 2020, Bloomberg reported on Saturday.

The decision is a part of a revamp among top management which is aimed at speeding up decision-making, the international media company noted. 

Kurumatani joined Toshiba in April 2018 and restored its dividend and bought back JPY 700 billion ($6.35 billion) worth of shares.

The 60-old official spent his entire career in banking and was the second outsider appointed to lead Toshiba in the past 50 years.

It is worth noting that the current president of Toshiba, Satoshi Tsunakawa, will resign and become non-executive chairman effective April 2020.