Toshiba Appoints Hisao Tanaka As Chief Executive

Toshiba Corp will promote Hisao Tanaka, a long-time manager of procurement and manufacturing at its consumer electronics division, to Chief Executive at the end of June, the company said.

Tanaka, a 40-year veteran of Toshiba and currently a Corporate Senior Executive Vice President, will take over from Norio Sasaki, who will move to a newly created role of Vice Chairman after completing a regular four-year term as CEO. The appointments are expected to be officially approved by the board in June.

Toshiba, Japan's leading chipmaker and international nuclear plant builder, employs more than 200,000 people worldwide and vies for infrastructure projects against rivals like Hitachi Ltd, France's Areva SA and Siemens AG of Germany.