Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 06 May 2013 09:50

Sharp’s chairman likely to retire

Written by Nick Farrell



Shake up at LCD maker

Sharp’s chairman Mikio Katayama is likely to be escorted to the company’s car park where PR girls shower him with cherry blossom and he does the honourable thing, according to rumours coming out from the Land of the Rising Sun.

Sharp, Japan's leading maker of liquid crystal displays, is expected to reveal a new medium-term business management plan on May 14. It wants a new management structure for a business rebuilding with authority concentrated with Okuda, the news agency said.

The company's main creditor banks, Mizuho Corporate Bank and the Bank of Tokyo-Mitsubishi UFJ, have been calling for Katayama's retirement because his presence caused uncertainty in the decision-making process and his retirement was considered unavoidable.

Katayama has already notified creditors of his intention to step down and a company adviser, Katsuhiko Machida, and a special adviser, Haruo Tsuji, were expected to join him in the car park. Sharp is expected to record a $5.1 billion net loss in the year that ended on March 31 as panel plants asset write offs crimped its bottom line.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments