Toshiba to change board director candidates as two step down By Reuters

Toshiba to change board director candidates as two step down By Reuters


© Reuters. FILE PHOTO: The logo of Toshiba Corp. is seen next to a traffic signal atop of a building in Tokyo, Japan June 11, 2021. REUTERS/Issei Kato

TOKYO (Reuters) – Toshiba (OTC:) Corp will change its slate of board director candidates for an unpcoming shareholder meeting as two previously nominated directors are stepping down, it said on Sunday, as crisis at the conglomerate deepened.

Audit committee chair Junji Ota and audit committee member Takashi Yamauchi will retire as board directors, the company said in a statement on Sunday.

The shake-up follows an investigation that found the company had colluded with the Japanese government to pressure investors.

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