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Toshiba Says CEO Satoshi Tsunakawa Will Serve as Interim Chairman

June 25, 2021 at 09:20 am EDT

By Peter Landers

TOKYO--Toshiba Corp. said Friday that Chief Executive Officer Satoshi Tsunakawa would serve as interim chairman after the former chairman, Osamu Nagayama, was ousted by shareholders earlier in the day.

Toshiba said a newly elected director, George Olcott, resigned after reconsidering his role in light of Mr. Nagayama's ouster.

It said a director who was re-elected Friday, G. Raymond Zage III, would serve as head of the board's nomination committee and another re-elected director, Paul Brough, would serve as head of the board's strategic review committee.

Write to Peter Landers at peter.landers@wsj.com

(END) Dow Jones Newswires

06-25-21 0919ET

Satoshi Tsunakawa

Mr. Satoshi Tsunakawa is a President & Chief Executive Officer at Toshiba Corp. and a President & Chief Executive Officer at PT Toshiba Visual Media Network Indonesia. Mr. Tsunakawa was previously employed as a President & Chief Executive Officer by Canon Medical Systems Corp., a General Manager by Canon Medical Systems Corp., and a President by Toshiba America Medical Systems, Inc. He received his undergraduate degree from the University of Tokyo.

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