TOKYO (Reuters) – Toshiba Corp said that Chief Operating Officer Goro Yanase resigned on Tuesday after auditors found that he had misappropriated the company’s funds.
Toshiba said in a statement that Yanase had repeatedly submitted entertainment expenses without reporting the names of the attendees, in violation of Toshiba Group rules.
There is no appointment of a new Representative Executive Officer, Corporate Senior Executive Vice President and COO to succeed Yanase, the company said.
(Reporting by Kantaro Komiya; Editing by Chang-Ran Kim)
