TOKYO (Reuters) - Toshiba Corp board will meet on Wednesday to consider whether to ask for the resignation of CEO Nobuaki Kurumatani, local broadcaster TV Tokyo reported amid controversy over a recent $20 billion buyout bid from CVC Capital partners.
TV Tokyo did not say where it obtained the information. Officials at Toshiba were not immediately available for comment.
An end to Kurumatani's three-year stint would come just after CVC proposed taking the Japanese industrial conglomerate private in a move that could shield management from pressure from activist shareholders.
(Reporting by Makiko Yamazaki, editing by Ed Osmond)
Mr. Nobuaki Kurumatani is an Independent Outside Director at Money Forward, Inc. He is on the Board of Directors at Money Forward, Inc. Mr. Kurumatani was previously employed as a President, CEO & Representative Director by Toshiba Corp., a President by CVC Asia Pacific (Japan) KK, a Chairman by CVC Asia Pacific (Japan) Ltd., and a Representative Director & Head-Securities by Sumitomo Mitsui Banking Corp. He also served on the board at Sumitomo Mitsui Financial Group, Inc. He received his undergraduate degree from the University of Tokyo.
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