Featured Articles

Apple announces its Apple Watch

Apple announces its Apple Watch

Apple has finally unveiled its eagerly awaited smartwatch and surprisingly it has dropped the "i" from the brand, calling it simply…

More...
Skylake 14nm announced

Skylake 14nm announced

Kirk B. Skaugen, Senior Vice President General Manager, PC Client Group has showcased Skylake, Intel’s second generation 14nm architecture.

More...
Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

The day has finally come and it appears that most rumors were actually spot on as Apple has now officially unveiled…

More...
CEO: Intel on target for 40m tablets

CEO: Intel on target for 40m tablets

Intel CEO Brian Krzanich just kicked off the IDF 2014 keynote and it started with a phone avatar, some Katy Perry…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

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