Toshiba Appoints New President to Helm Post-Scandal Overhaul

oshiba’s new helmsman acknowledged the energy-to-electronics conglomerate’s problems Friday and pledged to narrow the sprawling company’s focus. “Improving our financial status is a big problem. We’ve chosen three areas to focus on: energy, infrastructure and storage. We would like to show steady growth in those areas,” Tsunakawa told reporters. Toshiba has been plagued by record losses and executive resignations after unveiling years of padded profits at the conglomerate, which makes everything from computers to nuclear power equipment. The company is narrowing its businesses, selling its medical unit to Canon Inc. and home-appliance business to China’s Midea Group Co. as it also considers letting go of PCs.

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