QPRESS
Head of Japan’s Lixil bows to investor pressure in boardroom drama
TOKYO, April 18 (Reuters) – Japanese toilet maker Lixil Group’s CEO is to resign next month, marking a rare victory for activist minority shareholders who had demanded that he step down. Yoichiro Ushioda’s plan to resign, announced on Thursday, could be a signal that vocal minority shareholders are becoming more successful in changing the management of Japanese companies following Prime Minister Shinzo Abe’s efforts to strengthen corporate governance.
Name: Yoichiro Ushioda
Continent: Asia
Country: Japan
Company: Lixil Group Corporation
Position: CEO
Reason: Resigned
Announcement Date: April 17, 2019, 10:00pm
Resignation Date: April 17, 2019, 10:00pm
Source 1: https://www.reuters.com/article/lixil-group-shareholders-idUSL3N2202UL