Toshiba has also tapped
Toshiba named the two executives,
The board's revamping comes as Toshiba, a household name in
The struggling company has proposed restructuring plans, including one that would see the company broken up into two entities. But the plans were met with opposition from shareholders.
In April, the conglomerate made an unprecedented move by saying it was welcoming suggestions on business strategies, including potential acquisitions.
Toshiba said in a release that each of the two funds is a "significant shareholder of the company," adding that "Having shareholder representatives join the board strengthens the alignment between shareholders and management."
The company currently has eight board members. It proposed 13 potential candidates at a shareholders' meeting last year, but the number was pared down, partly because shareholders voted to remove former board chairman
Current board chair
The rejection came after an independent probe found Toshiba had colluded with the government in pressuring foreign activist investors in the run-up to a general shareholders meeting in 2020 over their proposal to appoint outside directors.
On
==Kyodo
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