Returning Toshiba CEO faces trial by fire as CVC buyout offer looms

Tsunakawa once beat back a possible delisting, and now a fresh crisis awaits

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In Act II as the company's CEO, Tsunakawa must find a balance between shareholder returns and growth for Toshiba. © Reuters

TAKAYUKI YAO and YOICHIRO HIROI, Nikkei staff writers

TOKYO -- After years of friction with activist investors over corporate governance and the company's vision for growth, Toshiba is attempting a reboot as its former President and CEO Satoshi Tsunakawa once again takes the reins of the company and grapples with a potential buyout by U.K.-based CVC Capital Partners.

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