Toshiba CEO resigns amid growing opposition to restructuring plans

Toshiba Corp said on Tuesday that Chief Executive Satoshi Ttsunakawa will resign, as the Japanese conglomerate faces increasing opposition to its controversial restructuring plans.

Senior executive Taro Shimada, a former executive of Germany's Siemens AG, will become the new head of the company. The appointments are effective Tuesday.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)