Toshiba Corp. President and CEO Nobuaki Kurumatani stepped down Wednesday, the company said, as a confrontation with activist shareholders and a recent buyout proposal by British private equity firm CVC Capital Partners are bringing the Japanese industrial conglomerate to a potential watershed moment.Kurumatani, 63, a former chairman of CVC's Japan unit, offered to resign after having led the company's restructuring since 2018, Toshiba said. He did not join Chairman Satoshi Tsunakawa, who succeeded him, in an online press conference held after an extraordinary board meeting.CVC's proposal t…READ FULL ARTICLE
