Toshiba Corp said on Tuesday Chief Executive Satoshi Tsunakawa is resigning - a sudden departure that comes after sources said internal opposition to the industrial conglomerate's controversial restructuring plans grew.
Toshiba's shares surged 3% on what was seen as a significant changing of the guard among management. Senior executive Taro Shimada, a former Siemens AG executive, who only joined in 2018 will become the new interim head of the company effective Tuesday.