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Toshiba CEO, most other board members to step down: sources

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Toshiba Corp Chief Executive Hisao Tanaka will step down in September along with other board members to take responsibility for accounting irregularities at the Japanese conglomerate, sources said.

[TOKYO] Toshiba Corp Chief Executive Hisao Tanaka will step down in September along with other board members including Vice Chairman Norio Sasaki to take responsibility for accounting irregularities at the Japanese conglomerate, sources said.

An independent investigation was looking at the role played by top officials, a move that could force a management overhaul, Reuters reported earlier this month, citing people familiar with the matter.

The Nikkei business daily earlier reported that Toshiba was expected to announce Mr Tanaka's resignation when the investigative committee releases its report next week.

REUTERS