02 April 2018 - TOKYO - Nobuaki Kurumatani today took office as the first Chairman and CEO of Toshiba
Corporation (TOKYO: 6502) to be appointed from outside the company in over 50 years.
Commenting on his appointment as Representative Executive Officer and Chairman and CEO, Mr. Kurumatani said, "I am honored to be appointed CEO, and very much aware of the responsibilities I
take on. Toshiba is not just any company. Its corporate DNA has realized countless Japan- and
world-first technologies and products, made Toshiba a source of pride in Japan for nearly 145 years, and
also made us a global leader."
"I believe that helping Toshiba back on its feet is my true calling. I am here at Toshiba to support change
and transformation, and I see my role as to build on the company's resilience and to lead its recovery. To
secure growth, we must radically improve our earning power and reinforce our finances. We must move
out of our comfort zone and promote fundamental reforms."
Mr. Kurumatani most recently served as President of CVC Asia Pacific Japan (CVC). Before joining
CVC in May 2017, he was Deputy President and a Director of Sumitomo Mitsui Financial Group, one of
the largest financial institutions in Japan, where his career was devoted to corporate planning, public
relations and internal auditing. He is a graduate of the University of Tokyo, where he studied
Satoshi Tsunakawa has taken on a new role in Toshiba as Representative Executive Officer and President, and Chief Operations Officer (COO). From today on, Mr. Kurumatani and Mr. Tsunakawa will together
execute the management of Toshiba Group.