Sharp Replaces President After Predicting Record Loss on TVs
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Sharp Corp. named Takashi Okuda its new president after forecasting a record annual loss amid slumping prices for its Aquos TVs, an economic slowdown and a tax charge.
Okuda, 58, now an executive officer, will replace Mikio Katayama effective April 1, the Osaka, Japan-based company said in a statement today. Katayama, 54, will become chairman and Katsuhiko Machida, who holds that post now, will be an adviser.