Toshiba Nominates Representatives of Elliott, Farallon to Board

By Kosaku Narioka

Toshiba Corp. said Thursday that it is nominating seven new director candidates, including representatives of major shareholders Elliott Management Corp. and Farallon Capital Management LLC.

The Japanese industrial company said it is proposing that shareholders elect Nabeel Bhanji, senior portfolio manager of Elliott Investment Management, and Eijiro Imai, managing director at Farallon Capital Japan, to the board.

"Having shareholder representatives join the board strengthens the alignment between shareholders and management," Toshiba said in a statement.

Toshiba also said it is inviting Akihiro Watanabe, chairman of merger advisory Houlihan Lokey K.K., to become chair of the board and named four other board candidates.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

May 26, 2022 03:15 ET (07:15 GMT)

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