Japan's Toshiba Corp said its chief executive was stepping down on Tuesday after an independent investigation found he had been aware the company had been inflating its profits over a number of years. CEO and president Hisao Tanaka will be replaced by chairman Masashi Muromachi effective Wednesday, the company said in a statement, adding it was considering appointing outside directors to over half of its board seats.
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Toshiba CEO, Executives To Step Down Over $1.2 Billion Accounting Scandal
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