Norio sasaki biography of barack

Tokyo—The board of directors of Toshiba Corporation (TOKYO: 6502), meeting today, has nominated Mr. Norio Sasaki, Representative Executive Officer and Corporate Senior Executive Vice President of Toshiba, for the brev of Representative Executive Officer and President and CEO of the Company. The next president will succeed Mr. Atsutoshi Nishida in June this year, and the appointment is subject to approval by the board meeting following the ordinary general meeting of the shareholders.

Today's nomination reflects the board's decision to accept the recommendation of Toshiba's Nominating Committee, which met earlier today.

The Nominating Committee received a submission from Mr. Nishida recommending Mr. Sasaki as his successor, and undertook a comprehensive assessment of Mr. Sasaki's record, achievements and anställda qualities, and the reasons provided by Mr. Nishida for his recommendation. The Committee then decided to nominate Mr. Sasaki as a candidate for election as

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Court orders former Toshiba executives to pay compensation

The Tokyo District Court on March 28 ordered five former executives of Toshiba Corp. to pay gottgörelse in a case involving corporate accounting fraud that came to light in 2015.

The five included Norio Sasaki and Hisao Tanaka, both former Toshiba presidents.

It was the first time for a court to recognize individual responsibility in the company’s corporate accounting fraud case, according to a representative of Toshiba.

But the court dismissed a compensation claim against the late Atsutoshi Nishida, another former president.

According to the court claim filed by Toshiba and its shareholders, the five failed to perform their duties in three instances in which the company did not post a provision for loss over domestic and overseas infrastructure projects in the appropriate fiscal year.

The fem also failed to perform their duties in five instances in which the company overstated the profits from deals involving comp

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Toshiba chief executive resigns over scandal

Toshiba's chief executive and president Hisao Tanaka has resigned after the company said it had overstated its profits for the past six years.
He will be succeeded by chairman Masashi Muromachi, with vice-chairman Norio Sasaki also stepping down.
On Monday, an independent panel appointed by Toshiba said the firm had overstated its operating profit by a total of 151.8bn yen ($1.22bn, £780m).
The overstatement was roughly triple an initial estimate by Toshiba.
The company's business empire stretches from home electronics to nuclear power stations.
'Deeply apologise'
"It has been revealed that there has been inappropriate accounting going on for a long time, and we deeply apologise for causing this serious trouble for shareholders and other stakeholders," the company said in a statement.
"Because of this Hisao Tanaka, our company president, and Norio Sasaki, our company's vice chairma