Toshiba’s CEO Atsutoshi Nishida Stepping Down In June, May Be Replaced By Norio Sasaki

Even though it is rumored that Toshiba was considering taking over SanDisk, the Japanese electronics company will be seeing their CEO step down in June.  Toshiba is currently facing record losses and may need additional capital to keep running.

Toshiba’s current CEO Atsutoshi Nishida, 65, will become chairman.  The head of the infrastructure systems group at Toshiba Norio Sasaki, 59, will become the CEO as long as shareholders approve.  Tadashi Okamura, the current Chairman of the company will become a board adviser.

When Nishida became President in 2005, he had really opened up the company’s wallet.  For example, Toshiba bought a majority ownership in Westinghouse in 2006 for $3.7 billion.  Last month the company agreed to buy out Fujitsu’s hard drive business.  The company also invested billions in flash memory chip production under Nishida’s watch.

These financial transactions caused the company to become overstretched.  But investors expect Toshiba to raise additional funds by issuing new shares in the near future.

Earlier this month, Toshiba announced the world’s thinnest smartphone and introduced a new line of Portégé Tablet PCs.

[via WSJ]

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14 Responses to Toshiba’s CEO Atsutoshi Nishida Stepping Down In June, May Be Replaced By Norio Sasaki

  1. Good day.I am Pavel Kopecký from Czech Republik,city Prag,street:Krchlebská 4/1889,PS? 140 00.
    I LOVE notebook TOSHIBA QOSMIO X300 —!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!..bat no have many….:-(
    Please help me,please….
    Thank you.Thank you,Thank you!!!!
    Pavel Kopecký

  2. HELP ME PLEASE…….!!!!!!

  3. Pavel Kopecky says:

    Good day,mr.Norio Sasaki.Please…please…help me..I LOVE NOTEBOOK TOSHIBA QOSMIO X300-130..!!!It is my big dreams..!But no have money…sory…I have only for repayments,for notebook Qosmio X300-130-But no in Czech Republik.I have problem in bank.registr….Please…please…TOSHIBA IS BRILLIANT,FANTASTIC MACHINE.!!!I LOVE TOSHIBA!!
    PLEASE HELP MI ….THANK YOU.
    Pavel Kopecky
    Krchlebska 4/1889
    Praha 4
    140 00
    Czech Republik
    email:kopecky1@email.cz
    tel:+420 605784562
    PLEASE,HELP ME…

  4. Pingback: Fujitsu Announces Dynamic Cube BX900 Blade Server System

  5. MR.ATSUTOSHI NISHIDA AND NORIO SASAKI….PLEASE….HELP ME…..PLEASE…I VERY LOVE TOSHIBA QOSMIO X300-15G.IT IS MY VERY BIG DREAM…!!!!!BUT I CAN ONLY REPAYMENT….PLEASE…
    kopecky1@email.cz

  6. PLEASE….HELP ME ACQUIRE ON REPAYMENTS NOTEBOOK QOSMIO X300-15G…..
    PLEASE…..IT IS MY LONG….LONG BIG DREAM….
    PLEASE,VERY PLEASE…
    kopecky1@email.cz

  7. I LOVE TOSHIBA QOSMIO X300-15G..!!!!!!!!!!
    http://www.youtube.com/picaso601
    Please help me mr.Norio Sasaki…

  8. mr.Atsutoshi Nishida…please..help me…
    http://www.youtube.com/picaso601

  9. Please….HELP ME….I LOVE QOSMIO….PLEASE….
    kopecky1@email.cz

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