Toshiba’s CEO Satoshi Tsunakawa and his deputy Mamieu Hatazawa resigned earlier today amid the furore over plans to re-structure the company.
Corporate svp Taro Shimada is the new CEO.
Tsunakawa was a Toshiba lifer. Last November he came up with a plan to split Toshiba into three parts.
Shareholders have been pushing for a sale of the company to private equity and Blackstone has been reported to have made a bid for the company.
That plan will be put to shareholders on March 24th.