Toshiba CEO Kurumatani to resign Wednesday

Chairman Tsunakawa to replace embattled chief who clashed with activist shareholders

20210413N Kurumatani

Toshiba CEO Nobuaki Kurumatani bows during a news conference in Tokyo in March 2018. © Reuters

Nikkei staff writers

TOKYO -- Nobuaki Kurumatani will step down as CEO of Toshiba amid declining trust in his leadership both at the company and among investors, Nikkei learned Tuesday.

Kurumatani's successor will be Chairman Satoshi Tsunakawa, who preceded him as president and has maintained friendlier relationships with activist investors.

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