Toshiba's chairperson,
The goal is for Toshiba to go through what he called a “radical transformation” quickly, showing a clear direction and leadership, Black told reporters.
In March, investors rejected a company-backed reform proposal to split Toshiba into two businesses.
Some shareholders, including foreign investment funds and
Black, who has experience in international consulting and turning around troubled Japanese companies, and
“It’s important that we focus our assets to move forward. Many people are saying Toshiba has weakened,” said Shimada, who took over as chief executive three months ago.
The options will be narrowed down after a
Black said Toshiba was working closely with the Japanese government in evaluating its options.
It remains unclear if a suitor needs a Japanese partner to be able to close the deal.
“Japan and the world will need a strong Toshiba,” Black told reporters.
Toshiba has been struggling since the Fukushima nuclear disaster in
Its reputation also was tarnished by an accounting scandal, which involved books being doctored for years.
Toshiba has recently promised to boost its value by focusing on digital businesses, data services and infrastructure, such as light-detection technology, flexible materials, batteries and next-generation nuclear reactors.
Former chief executive
Toshiba, founded about 150 years ago, had prided itself on its technological prowess for decades. It still has a sprawling business that includes computers, electronic devices and home appliances.
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