President Shimada to retain post after Toshiba goes private

President Shimada to retain post after Toshiba goes private

FILE PHOTO: Toshiba Corp. Chief Executive Taro Shimada speaks while the company's external director Jerry Black is reflected on a plastic board during an interview with Reuters at the company headquarters in Tokyo, Japan, June 7, 2022. REUTERS/Issei Kato/File Photo

Japan’s Toshiba on Thursday said chief executive Taro Shimada will remain in the post after the company goes private, while a majority of the board will come from private equity firm Japan Industrial Partners (JIP).

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