Toshiba's president Nobuaki Kurumatani tendered his resignation at a board meeting, the company said. TOKYO: The president of Toshiba stepped down on Wednesday , a week after the the Japanese technology and manufacturing conglomerate said it was studying an acquisition proposal from a global fund where he previously worked.
The CVC deal is estimated to be worth 2 trillion yen and will turn Toshiba private. Toshiba said it was giving it “careful consideration". It also invented flash memory, the ubiquitous computer chips that store and retain data for digital cameras, cell phones and other gadgets. Toshiba no longer makes laptops, and it has sold its computer chips division.