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TOKYO (Reuters) – Toshiba (OTC:TOSYY) Corp said on Tuesday that Chief Executive Satoshi Ttsunakawa will resign, as the Japanese conglomerate faces increasing opposition to its controversial restructuring plans.
Senior executive Taro Shimada, a former executive of Germany’s Siemens AG (OTC:SIEGY), will become the new head of the company. The appointments are effective Tuesday.
