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Scandal-hit Toshiba keeps Muromachi as president

He has spent much of his 40 years with the company in its semiconductor business

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Mr Muromachi said he felt grave responsibility for not being able to prevent this state of affairs

Tokyo

TOSHIBA Corp appointed Masashi Muromachi as president to lead the maker of memory chips and nuclear power plants as it emerges from an accounting scandal that may cost at least US$1.2 billion in writedowns.

The company also said it expects to report a net loss for the 12

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