TOKYO - Toshiba Corp has decided to propose interim President Masashi Muromachi as a more permanent chief executive officer beyond September after a slew of executives resigned over their roles in the country's biggest accounting scandal in years, Japanese media said on Tuesday.
The Japanese computers-to-nuclear conglomerate had said last week that then-chairman Muromachi would temporarily assume the CEO role after an independent probe found that former CEO Hisao Tanaka had been aware the company had inflated its profits by $1.2 billion over a period of several years.
A Toshiba spokesman said nothing had been decided.
The Asahi daily said the decision was made by the company's appointments committee, which includes external directors. Toshiba is expected to propose the plan at an extraordinary shareholders' meeting in September, the paper said, without citing sources.
Muromachi is considered a safe pair of hands to lead Toshiba through its current turmoil and was not implicated in the accounting irregularities that saw the departure of eight officials last week.
The third-party committee's report last week said Tanaka and then-vice chairman Norio Sasaki had pressured business divisions to meet difficult targets and knew they were overstating profits and delaying the reporting of losses, amid a culture of not going against the wishes of superiors. -Reuters
About 92 News HD Live Main TV Channel of Pakistan:
92 News (also known as 92 News HD Plus (Channel 92) is a conservative Urdu language TV channel based in Lahore, Pakistan.
Mian Muhammad Hanif is the chairman of the channel.
This TV channel is a subsidiary of Madinah Group under Galaxy Media Group.
The channel's name, 92, is to celebrate the 1992 Cricket World Cup won by Pakistan. The number 92 is also the telephone country calling code of Pakistan, which is another major reason behind the channel's name.
92 News HD is Pakistan’s first HD Plus News Channel. Aims to bring credible & responsible News & important stories from Pakistan & around the World
We bring you Latest Pakistani and International News at 92 News Hd Plus to Read and Watch
We believe in genuine and true journalism, we do not prevail sensation just for ratings.
We do not hide news but never tend to add any unethical content or angling that goes against the norms of our religion Islam and Pakistan's culture.
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