SUBSCRIBE: Newsletter

Human Resources



Toshiba CEO resigns over scandal

Join over 200 of your peers to explore global trends at Employee Benefits Asia
Register NOW for Hong Kong's leading C&B conference

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

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 »

Read More News


Leave a Reply

You must be logged in to post a comment.