Toshiba CEO resigns amid growing opposition to restructuring plans

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FILE PHOTO: Toshiba Corp's annual general meeting with its shareholders in Tokyo

TOKYO – 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.

(Reporting by Makiko Yamazaki; Editing by Christian Schmollinger)

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