for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Toshiba's outgoing CEO says replacement by chairman is temporary

TOKYO (Reuters) - Toshiba Corp's 6502.T chief executive, who stepped down on Tuesday after an independent investigation found he played a role in accounting irregularities, said his replacement by the company's chairman would be temporary.

In a news conference, CEO and President Hisao Tanaka said Chairman Masahi Muromachi will take on the role “as a temporary measure”.

The investigation results released on Monday said Toshiba had overstated its operating profit by 151.8 billion yen ($1.22 billion) over several years, roughly triple Toshiba’s initial estimate of the misreporting.

Reporting by Ritsuko Ando and Taiga Uranaka; Editing by Rachel Armstrong

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up