| Toshiba Announces Candidate for next President and CEO|
22 February, 2005
Tokyo -- The board of directors of Toshiba Corporation, meeting today, has nominated Mr. Atsutoshi Nishida, Executive Officer/Corporate Executive Vice President of Toshiba, for the post of Representative Executive Officer/President and CEO of the Company. The next president will succeed Mr. Tadashi Okamura in June this year, and the appointment is subject to approval by the board meeting following the ordinary general meeting of the shareholders.
Today's nomination reflects the board's decision to accept the recommendation of Toshiba's Nominating Committee, which met on February 21.
The Nominating Committee received a submission from Mr. Okamura recommending Mr. Nishida as his successor, and undertook a comprehensive assessment of Mr. Nishida's record, achievements and personal qualities, and the reasons provided by Mr. Okamura for his recommendation. The Committee then decided to nominate Mr. Nishida as a candidate for election as Toshiba's next president and CEO.
Following the election of the new president and CEO, Mr. Okamura will become Chairman of the Board of Toshiba. The current Chairman, Mr. Taizo Nishimuro, will become an Advisor to the Company.
A brief biography of Mr. Nishida can be found in the attachment.
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