Toshiba Group's First Airborne Chairman Che Gu Chang-zhao took a new position

On April 2nd, 2018, Toshiba Group issued a statement to the public, announcing that Che Guchangzhao formally took over the Toshiba Group and became the CEO and Chairman of Toshiba. It is reported that the appointment of Che Guchang Zhao was the first airborne chairman of the Toshiba Group in more than 50 years. CEO.

Che Guchang

Toshiba’s official announcement revealed that Chegu is graduated from the University of Tokyo and majored in economics during his university studies. In his professional career, he served as president of CVC Asia Pacific Japan (CVC) and Mitsui Sumitomo, one of the largest financial institutions in Japan. Financial Group's Vice President and Director.

However, welcoming Cheuko Changaki is a Toshiba company that has been suffering from a loss-making quagmire that is “not at all painstaking.” According to public information, Toshiba’s net loss of 965.7 billion yen for the fiscal year ended March 31, 2017 ( About $8.8 billion).

In addition, Toshiba must sell its flash chip unit before March 2018 to avoid a situation in which shareholders’ equity will become negative for the second consecutive fiscal year, which will result in Toshiba's automatic delisting. In October last year, it was reported that Toshiba’s shareholders’ meeting. Has approved the sale of a flash chip business subsidiary and sold it to Bain Capital's consortium at a price of 2 trillion yen. However, there is still uncertainty in this transaction. Toshiba and Western Digital, a flash memory chip partner There are still disputes, and the transaction must be completed through antitrust review.

The most recent news on March 30, 2018 was that Toshiba was unable to complete a sales transaction of 2 trillion yen (about 19 billion U.S. dollars) worth of memory chip business by the end of March due to lack of timely approval from regulatory authorities. The plan will be postponed for at least one month. Chinese regulators are still evaluating the impact of the deal on the world's largest semiconductor market, and no final approval has yet been made.

Che Guchang Zhao took office and must solve the flash chip unit in the short term as soon as possible. This is the thorny issue he is currently facing.

To Takeshi Toshiba, Chegu Changzhao said, 'I am very clear about the difficulties, opportunities and challenges facing Toshiba Group at this stage and the responsibilities that I need to bear. To ensure its growth, we must fundamentally improve profitability and strengthen The financial situation must also move out of the comfort zone to promote basic reforms.

According to the official announcement, Toshiba will continue to deepen its efforts in the four major business areas of energy, social infrastructure, electronic components and digital solutions, and combine science and technology to create a safe, efficient, and intelligent sustainable society for everyone. social progress.

It is reported that Toshiba Group President Gang Chuen-chi will continue to serve as president and chief operating officer (COO). He will join forces with Cheuko Change to jointly lead the Toshiba Group.

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