Japan’s Sharp Corporation announced Takashi Okuda as company’s new president as in order of the latest restricting in the company as the electronics company heads for a records annual net loss, reports Reuters. Okuda will replace Mikio Katayama, working as the head of the firm’s global operation.
“Just because you switch presidents doesn’t change any of the fundamental problems,” Yoshihiko Tabei, general manager and chief analyst at Kazaka Securities, said. “At least with Sony the new head is someone that is known, that has run its successful PlayStation business.”
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