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Toshiba sheds executive officers in restructuring

Toshiba Corp. said Oct. 23 that it is reducing its number of executive officers to 15 from 23 under a new executive officer structure, effective Nov. 1.

Under the restructuring, Fumiaki Ushio, who retired as representative executive officer and corporate executive vice president, will become president and CEO of Toshiba Business & Life Service Corp. on Dec. 1.

Naoki Takenaka, who retired as executive officer and corporate executive vice president, will become president of Toshiba Human Resources Development Corp. on Dec. 1.

Isahiro Hasegawa, executive officer and corporate senior vice president, retired to become president of Toshiba Trading Inc. on Dec. 1.

Other retired executive officers are Naoto Nishida, Osamu Maekawa, Takeshi Yokota, Hideki Yokomizo and Hitoshi Otsuka.