4/14, 6:56 AM (Source: TeleTrader)
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Toshiba CEO steps down

Chairman and Chief Executive Officer (CEO) of Toshiba Corp., Nobuaki Kurumatani, has stepped down from his post, the company said in a statement.

The Tokyo-based conglomerate noted that the CEO offered his letter of resignation to the board of directors at a meeting and that the departure is effective Wednesday.

Kurumatani told Nikkei Asian Review that he talked the decision over with his family and that he wanted to leave his hectic job in order to "recharge."

Breaking the News / NL