TOKYO -- Top Japanese building materials supplier Lixil Group brought back ousted Kinya Seto as CEO after Tuesday's shareholders meeting, marking a victory for international investors in their roughly eight-month battle with management.
Companies
Shareholders prevail in Lixil showdown, restoring ousted CEO
Overseas investors win Japanese institutions over in fight for board
Newly returned Lixil Group CEO Kinya Seto speaks to reporters in Tokyo on June 25. (Photo by Toshiki Sasazu)
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