Sharp’s CEO Survives Resignation Call

At the company’s AGM this week, Sharp’s CEO Kozo Takahashi survived a vote for his re-election, despite some shareholders calling for his resignation. An emotional Takahashi was quoted as saying that he wanted Sharp to become a company that “has value in this world”. In May, Sharp secured its second bank bail-out in three years and announced plans to cut 10% of its global workforce. The company also reported a “significant” net loss of ¥222.3 billion ($1.8 billion) for last year and a 4.8% drop in turnover to ¥2.8 trillion ($23.5 billion).

Meanwhile, Sharp has named Masakazu Wada as executive officer and general manager of its Display Device Business.