Toshiba nominates Houlihan exec as chair, invites Elliott, Farallon execs to board | I3investor

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Toshiba nominates Houlihan exec as chair, invites Elliott, Farallon execs to board

Tan KW

Publish date: Thu, 26 May 2022, 04:31 PM

TOKYO - Toshiba Corp on Thursday nominated executives from two of its major hedge fund shareholders for board seats, potentially a turning point in a long battle between the Japanese conglomerate and its activist shareholders.

Toshiba also nominated Akihiro Watanabe, an executive at M&A advisory firm Houlihan Lokey, as board chairperson, a key post as the company undertakes a fresh strategic review.

- Reuters

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