Toshiba to change board director candidates as two step down
TOKYO (Reuters) – Toshiba Corp will change its slate of board director candidates for an unpcoming shareholder meeting as two beforehand nominated directors are stepping down, it acknowledged on Sunday, as catastrophe on the conglomerate deepened.
Audit committee chair Junji Ota and audit committee member Takashi Yamauchi will retire as board directors, the company acknowledged in a press launch on Sunday.
The shake-up follows an investigation that found the company had colluded with the Japanese authorities to stress patrons.
(Reporting by Makiko Yamazaki; Editing by David Dolan)
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