According to Changsha Chetani's reply, he said it was because he wanted to free himself from the heavy workload and recharge his batteries, and he also had the support of his family. Of course, this is just his family's opinion, but in fact, during his tenure as Toshiba's CEO, the company's internal governance was poor, and his relationship with shareholders gradually deteriorated, so his reelection approval ratings continued to go down. took the initiative to resign, but also to give themselves a step down, Toshiba official also confirmed the news, corporate chairman Gangchuan Zhi will be back in the world and also served as CEO. today, I will give you a pick Chetani Changzhao in office when some of the past events.
I, Chetani Changzhao in Toshiba's support rate continues to decline, CVC acquisition is the trigger.Cheya Changzhao was born in 1957, once graduated from the University of Tokyo, before taking office as Toshiba's CEO in 2018, he once served as the president of CVC's Asia-Pacific Japan region and vice president of Sumitomo Mitsui Financial Group, a banker and financial investor. Last year's shareholders' meeting, Chetani Changchao received less than 60% support, especially the major shareholders are very dissatisfied with him.April 7 suddenly rumors of CVC to buy Toshiba, and Toshiba did receive a CVC acquisition proposal letter, but Chetani Changchao's previous track record makes him very suspicious, and many suspect that formally introduced him to CVC's takeover, which makes him look very embarrassing in the company.
II. Toshiba's decline.Toshiba used to have a lot of cattle on needless to say, Japan's largest semiconductor manufacturer, has a long history of 146 years, created a lot of firsts, the company is also in the constant transformation of innovation, from the home appliance industry giants to become the IT industry leader. 2011 311 Fukushima earthquake gave Toshiba a head start, because it is the world's largest nuclear power equipment manufacturers. 2015 because of the account falsification, is even worse, the market value shrunk by nearly half. 2016 acquisition of the United States Westinghouse Electric failed, directly let Toshiba operating deficit of up to 47.4 billion yuan, in order to cut off the arm to survive, Toshiba sold the medical equipment business to Canon Group, the sensor factory transferred to Sony, white goods and television business were sold to the United States and Hisense respectively.
Third, Chetani Changzhao failed to turn the tide when he was in office.Toshiba through? Quadruple sell? Temporarily stabilized the situation, at this time, Chetani Changzhao settled in Toshiba, opened his operation. First of all, the sale of memory business to the United States Bain Capital, followed by liquidation of assets, the profitability of less than 5% of the Division of all cuts, and finally reorganize the company's board of directors to strengthen management. The three axes did allow Toshiba's profits to grow, but turnover shrank by half, and the elimination of many divisions brought his criticism inside and outside the company to a head.
The decision on whether Toshiba will ultimately be bought by CVC actually rests with Japan's prime minister's office, because Toshiba is a quasi-military company with a stake in national security. Let's wait and see where this goes!