Toshiba To Discuss Executive Appointments

Toshiba Corp. (TOSYY.PK,TOSBF.PK) said that its board will meet Wednesday to discuss the appointment of representative executive officers.

Reports have appeared in several newspapers and wire services about the replacement of the company's representative Executive Officer, President and chief executive officer.

According to several reports, Toshiba's chief executive officer Nobuaki Kurumatani will resign on Wednesday, as a takeover offer from CVC Capital Partners stirs turmoil inside the Japanese conglomerate.

Earlier this month, Toshiba said that it received an initial proposal from private equity firm CVC Capital Partners, and would ask for further clarification.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The 737 MAX 10, Boeing Co.'s largest 737 Max model, is taking its maiden flight today, reports said citing people familiar with the matter. The flight after months of testing and certification will be around 10 a.m. local time from the Seattle area. The schedule could change depending on weather or other factors. Meanwhile, the jetliner is expected to enter commercial service in 2023. Medical devices supplier Smiths Medical, affiliated to Smiths Group plc, is recalling certain Jelco Hypodermic Needle-Pro Fixed Needle insulin syringes with skewed graduation markings, the U.S. Food and Drug Administration said. The recall was initiated after the company became aware of specific models and lots of Jelco insulin syringes that may exhibit skewed odd number line graduation markings. Saliva-based COVID-19 testing is rolled out as a pilot for public schools in New York City. The new two-month pilot program is being implemented in about 50 New York City public schools and utilizes Fluidigm Technology to offer RT-PCR COVID-19 testing. New York City public schools have instituted mandatory random weekly testing in all reopened school buildings to ensure safer in-person learning.
Follow RTT