Human Resources

Toggle

Article

Toshiba CEO resigns over scandal

Human Resources magazine and the HR Bulletin daily email newsletter:
Asia's only regional HR print and digital media brand.
Register for your FREE subscription now »

Hisao Tanaka, Toshiba’s chief executive and president has resigned after the Japanese technology manufacturer was found to have made inaccurate accounting claims.

His resignation came in a day after an outside investigation found the company overstated profits by 151.8 billion yen ($1.2 billion) over a seven year period.

“The company takes the situation it has caused very seriously and we deeply apologise to our shareholders, investors and all other stakeholders,” a press release from the firm stated.

Tanaka will be succeeded by chairman Masashi Muromachi, with vice-chairman Norio Sasaki also stepping down.

Image: Shutterstock



Leverage on technology to improve your HR operations and process at HR Tech Interactive. Happening in Singapore and Kuala Lumpur in August.
Request your invite now!

Read More News

Trending

Leave a Reply

You must be logged in to post a comment.