TOKYO: Toshiba's CEO resigned on Tuesday, the Japanese conglomerate said, adding fresh uncertainty after already revising plans to split its businesses and just weeks before a key shareholder vote.
Satoshi Tsunakawa had been chief executive for less than a year at the tech and industrial giant, which has lurched from crisis to crisis in recent decades, reports AFP.
The proposal is a revision of an earlier one to split into three companies, which got a mixed response, but Tsunakawa's resignation could spark another rethink on the plans.
Toshiba said its new CEO Taro Shimada would "lead the company that will run the energy and infrastructure business" after the electronic devices segment is spun off in a binding resolution to be voted on in 2023.
Tsunakawa will continue to serve as interim chair of the board of directors, Toshiba said in a statement.
The sprawling conglomerate dates back to 1875 and was once a symbol of Japan's advanced technological and economic power, but it has been mired in turmoil in recent years.
Having staged a recovery after a series of scandals and financial problems in the 2010s, it returned to the first section of the Tokyo Stock Exchange last year.
Tsunakawa's predecessor Nobuaki Kurumatani, who previously worked for CVC, resigned as CEO in April 2021, insisting his decision was not related to the buyout controversy.