Toshiba Nominates Representatives of Elliott, Farallon to Board
May 26 2022 - 2:30AM
Dow Jones News
By Kosaku Narioka
Toshiba Corp. said Thursday that it is nominating seven new
director candidates, including representatives of major
shareholders Elliott Management Corp. and Farallon Capital
Management LLC.
The Japanese industrial company said it is proposing that
shareholders elect Nabeel Bhanji, senior portfolio manager of
Elliott Investment Management, and Eijiro Imai, managing director
at Farallon Capital Japan, to the board.
"Having shareholder representatives join the board strengthens
the alignment between shareholders and management," Toshiba said in
a statement.
Toshiba also said it is inviting Akihiro Watanabe, chairman of
merger advisory Houlihan Lokey K.K., to become chair of the board
and named four other board candidates.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
May 26, 2022 03:15 ET (07:15 GMT)
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