TOKYO -- Japanese electrical and electronic equipment maker Toshiba announced on Friday that Yoshimitsu Kobayashi, its chairman of the board, intends to resign from the post, a move seen as an indication the company has returned to a firm footing after the veteran executive was brought in to oversee its recovery from a wrenching scandal.
Kobayashi joined Toshiba as an outside director in September 2015 following the exposure of accounting fraud that dragged the company into a financial crisis. He was brought in as the company embarked on a deep-rooted management reconstruction.
