Toshiba Chairman Satoshi Tsunakawa will become chief executive, the company said in a statement.
Toshiba said on Wednesday that Kurumatani was stepping down. It said he was doing so to "recharge" and after achieving his plan to revive the conglomerate
Shares in Japan's Toshiba Corp surged on Wednesday, propelled higher by reports of more plans of bids for the conglomerate and expectations that its embattled chief executive would soon resign
U.S. hedge fund Farallon Capital Management has also asked Toshiba to seek multiple offers, but Oasis is the first to present what it considers a fair price.
Toshiba is one of Japan's oldest and largest firms whose business empire stretches from home electronics to nuclear power stations
Toshiba is considering a $20 billion offer from private equity firm CVC Capital Partners to take it private as the Japanese conglomerate faces pressure from activist shareholders to improve governance
Toshiba shareholders voted in favour of an independent investigation into allegations that investors were pressured ahead of last year's AGM- a victory expected to spur more shareholder activism
CalPERS and Norges Bank Investment Management (NBIM) voted in favour of a proposal by a top Toshiba Corp shareholder for an independent probe into the Japanese conglomerate
Marking a significant step in its offline retail strategy in India, Toshiba, the leading brand in home appliances announced its first-ever Toshiba Lifestyle Centre in India
Operating profit for the second quarter ended September came to 15.75 billion yen ($149.84 million), down from 44.23 billion yen in the same period a year prior
Toshiba Infrastructure on Thursday said its arm TWS has won a water treatment plant contract from the Bangalore Water Supply and Sewerage Board jointly with Suez S.A. France subsidiary
Toshiba Corp said more than 1,000 postal voting forms for its annual shareholder meeting arrived by the deadline but went uncounted
The revelations raise further questions about interference in governance at Toshiba, following calls for an investigation into uncounted votes at the contentious July 31 shareholder meeting
The company earlier sold the 80.1 per cent stake to Sharp in 2018
Toshiba launches 2020-21 range of home appliances in first ever nationwide virtual event
In a new twist, Yoshiaki Murakami, Japan's best-known activist investor, announced a tender offer for Toshiba Machine late on Friday
Toshiba's Bluetooth Headphones, with the price tag of Rs 2,849, fall in budget category and it would not be fair to expect much
For the year to March 2019, the firm said it expected a net profit of 920 billion yen ($8.1 billion), down from an earlier projection of 1,070 billion yen
Toshiba had promised to reward shareholders after completing the sale of the chips unit to a consortium led by US private equity firm Bain Capital
Toshiba Memory, the world's No. 2 producer of NAND chips, is due to be sold for 2 trillion yen ($18.6 billion)