Toshiba to Name Mitsubishi Motors Veteran in Bid for Turnaround
- President Taro Shimada to retain post after Toshiba delists
- Storied firm seeks to recover from decade of scandals, mishap
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Toshiba Corp. is poised to choose Mitsubishi Motors Corp.’s former chief financial officer Koji Ikeya as vice president to help its turnaround effort after it goes private next week, while keeping Taro Shimada as president, according to people familiar with the matter.
The electronics group wants Shimada to help retain continuity following years of disruption from management overhauls, the people said. He will work with Ikeya, who helped spearhead Mitsubishi Motors’ push into electric vehicles, to lift Toshiba’s corporate value, they said.