Toshiba appoints Nobuaki Kurumatani as president in addition to CEO

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Toshiba Corp. Chief Executive Officer Nobuaki Kurumatani will add the title of president effective April, part of revamp among top management aimed at speeding up decision making.

Current President Satoshi Tsunakawa, who was promoted in 2016 following an accounting scandal, will resign and become non-executive chairman from April, Toshiba said in a statement Saturday.

Kurumatani, 62, joined Toshiba in April 2018 after the electronics conglomerate decided to sell its crown-jewel memory unit to a consortium led by Bain Capital, in order to avoid delisting after billions of dollars of losses in its U.S. nuclear energy operations. A former vice president