New Toshiba CEO named after accounting scandal - CNET

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Toshiba veteran, Satoshi Tsunakawa, was just named to replace CEO Masashi Muromachi. In July 2015, we reported that Toshiba's President and CEO Hisao Tanaka was leaving the company following an accounting scandal. According to an independent investigation, the Japanese electronics giant over-stated profits by 151.8 billion yen (around $1.22 billion, £780 million or AU$1.6 billion) between 2008 and 2014. The company's chairman, Muromachi, stepped in during the interim, but Tsunakawa is set to succeed him in June.