BeQuiet Jubiläum Banner 970x90
Breaking News

Ultimate Ears Launches New Editions of Award-Winning WONDERBOOM and HYPERBOOM Speakers Reach New Levels of Total Immersion with Logitech Chorus for Meta Quest 2 Lucky number Android 13: The latest features and updates CORSAIR Ushers in the New Era of AMD with Support for AMD Ryzen 7000 CPUs TEAMGROUP Announces MP44L M.2 PCIe 4.0 SSD with the Industry's First Heat Dissipating Graphene SSD Label for an Upgraded Cooling Performance

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Toshiba Reinforces Strategy Planning For Strategic Transformation to CPS Technology Company

Toshiba Reinforces Strategy Planning For Strategic Transformation to CPS Technology Company

Enterprise & IT Jan 18,2020 0

Toshiba Corp. announced that Masaharu Kamo, a former partner in McKinsey & Company Inc. Japan, joined the company on January 1, 2020, and that he will be appointed Executive Officer and Corporate Senior Vice President as of April 1.

He will oversee the company’s corporate planning and management strategy.

In the course of his diverse career background, Kamo has worked in a broad range of industries, and taken on managerial responsibilities in several companies over more than 20 years. He has worked as a consultant in different industries and businesses, and served several companies as an executive.

In promoting its transformational “Toshiba Next Plan,” Toshiba has completed the recovery of its financial base and is now shifting towards a new growth phase, toward becoming a cyber-physical systems (CPS) technology company.

Kamo’s participation and his role as Executive Officer and Corporate Senior Vice President will bring further diversity to the Group’s management.

“I am delighted to be part of Toshiba, which has strengthened its management base and now is heading for its next growth phase with Toshiba Next Plan. Toshiba already has exquisite technology, an established customer base and a highly regarded brand. It has an organization and people committed to delivering high value to customers. As I will take over responsibility for strategic planning as an executive from April, I am thrilled about the company’s bright future and possibilities. I very much want to contribute to Toshiba becoming one of the world’s leading CPS technology companies, together with people here as one team, honoring the company’s basic commitment, “Committed to People, Committed to the Future.””

Toshiba also announced that Mr. Nobuaki Kurumatani will remain in his current position of Representative Executive Officer, and will head Toshiba Group’s management team as President and Chief Executive Officer (CEO), effective April 1, 2020.

Kurumatani, 62, joined Toshiba in April 2018 after the electronics conglomerate decided to sell its crown-jewel memory unit to a consortium led by Bain Capital, in order to avoid delisting after billions of dollars of losses in its U.S. nuclear energy operations. Kurumatani restored Toshiba’s dividend and bought back 700 billion yen ($6.4 billion) worth of shares.

Mr. Satoshi Tsunakawa, currently President and COO, will become Chairman, and in that capacity responsible for promoting Toshiba Group’s external activities and presence. He will also monitor and supervise business execution as a Director.

Separately, Toshiba is currently pressing forward with plans to take over NuFlare Technology Inc., despite a higher competing offer for the provider of critical chipmaking equipment. Toshiba was already NuFlare’s biggest shareholder with 52.4% when it initiated the buyout. Toshiba Machine Co., an independent company that retains the former parent’s name and is the second-largest NuFlare stockholder, has said it will sell its 15.8% stake to Toshiba.

Tags: Toshiba
Previous Post
Amazon Wants to Link Your Hand to Your Credit Card: report
Next Post
NVIDIA Cuts RTX 2060 Pricing, AMD Boosts Clocks of the Radeon RX 5600 XT

Related Posts

  • Collaboration between Toshiba and Visiotech addresses demand for high capacity data storage in video surveillance applications

  • Toshiba Announces New P300 2TB Desktop PC Hard Drive Running at 7200RPM

  • KIOXIA TransMemory U365 256GB USB Flash Drive

  • The Value of Hard Disk Drives Still Evident

  • Toshiba Releases 18TB MG09 Series Hard Disk Drives

  • Toshiba Publishes List of Hard Drives With SMR Technology

  • NEDO and Toshiba Release Software Interface For Controlling Different Robots Under a Common System

  • Toshiba's Speech Recognition AI Technology Delivers User-specific Operation of Home Appliances

BeQuiet Jubiläum Banner 300x600

 

Latest News

Ultimate Ears Launches New Editions of Award-Winning WONDERBOOM and HYPERBOOM Speakers
Consumer Electronics

Ultimate Ears Launches New Editions of Award-Winning WONDERBOOM and HYPERBOOM Speakers

Reach New Levels of Total Immersion with Logitech Chorus for Meta Quest 2
Consumer Electronics

Reach New Levels of Total Immersion with Logitech Chorus for Meta Quest 2

Lucky number Android 13: The latest features and updates
Consumer Electronics

Lucky number Android 13: The latest features and updates

CORSAIR Ushers in the New Era of AMD with Support for AMD Ryzen 7000 CPUs
PC components

CORSAIR Ushers in the New Era of AMD with Support for AMD Ryzen 7000 CPUs

TEAMGROUP Announces MP44L M.2 PCIe 4.0 SSD with the Industry's First Heat Dissipating Graphene SSD Label for an Upgraded Cooling Performance
PC components

TEAMGROUP Announces MP44L M.2 PCIe 4.0 SSD with the Industry's First Heat Dissipating Graphene SSD Label for an Upgraded Cooling Performance

Popular Reviews

CeBIT 2005

CeBIT 2005

CeBIT 2006

CeBIT 2006

Zidoo Z9S 4K Media Player review

Zidoo Z9S 4K Media Player review

LiteOn iHBS112 review

LiteOn iHBS112 review

Club3D HD3850

Club3D HD3850

External USB Slim Recorders Comparison

External USB Slim Recorders Comparison

Pioneer BDR-2207 (BDR-207M) BDXL burner review

Pioneer BDR-2207 (BDR-207M) BDXL burner review

Crucial P1 NVMe 1TB SSD review

Crucial P1 NVMe 1TB SSD review

Main menu

  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed