International. Changes in the directives of the main Asian companies that manufacture televisions and monitors follow. Due to the losses reported after fiscal year 2011, which ends on March 31, with losses estimated at 2,600 million euros, Sharp announced the departure of its president.
With 30 years of work within the company handling sales in emerging markets, Takashi Okuda, 58, will assume the presidency of the Japanese manufacturer, replacing Mikio Katayama who will leave the position on the first of April.
As explained by the company after announcing the decision, the negative results are due to the drop in the price and sale of liquid crystal televisions, affected by the international crisis, due to strong competition from foreign companies.
Sharp is the third Japanese company to change its chairman for the 2011 financial year results. The first was Sony, a company that will be led by Kazuo Hirai. Then it was Panasonic, who appointed Kazuhiro Tsuga.
The new managers of these companies have extensive experience working in different positions and have the challenge of changing the negative results of recent years.
