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Toshiba CEO Kurumatani resigns in wake of $20bn CVC approach

Chairman Satoshi Tsunakawa takes reins at Japanese conglomerate

 Toshiba has announced that Nobuaki Kurumatani will step down from his role as CEO. (File photo by Taro Yokosawa)

TOKYO -- Toshiba said on Wednesday that Nobuaki Kurumatani has resigned as CEO, after three years marked by governance questions and opposition from activist shareholders.

Chairman Satoshi Tsunakawa, who served as the public face of the company, has replaced Kurumatani as CEO, Toshiba said after a board meeting. "The board has accepted Mr. Kurumatani's resignation," the company said.

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