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
Company: Lixil Group Corporation
Announcement Date: April 17, 2019, 10:00pm
Resignation Date: April 17, 2019, 10:00pm