{"id":26041,"date":"2017-04-05T09:35:06","date_gmt":"2017-04-05T09:35:06","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=26041"},"modified":"2017-04-05T09:35:06","modified_gmt":"2017-04-05T09:35:06","slug":"toshiba-westinghouse-replaced-chairman-two-days-bankruptcy-filing","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/toshiba-westinghouse-replaced-chairman-two-days-bankruptcy-filing.html","title":{"rendered":"Toshiba\u00a0Westinghouse replaced chairman two days before bankruptcy filing"},"content":{"rendered":"<h2 style=\"text-align: justify;\">\n\t<span style=\"font-size:22px;\"><strong><span style=\"color:#000000;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Toshiba&nbsp;Westinghouse replaced chairman two days before bankruptcy filing<\/span><\/span><\/strong><\/span><br \/>\n<\/h2>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Toshiba&nbsp;Westinghouse replaced chairman two days before bankruptcy filing:- Westinghouse Electric Co replaced its chairman two days before the U.S. nuclear construction unit of Japan&#39;s Toshiba Corp (6502.T) filed for bankruptcy last week, as it tries to draw a line under the travails of a business that has cost it billions.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Toshiba&#39;s spokesman said Westinghouse chairman Danny Roderick was replaced by Mamoru Hatazawa, chief of Toshiba&#39;s nuclear division, on March 27. Hatazawa&#39;s role would be temporary, until a new management comes in, he added.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Roderick, the driving force behind Toshiba&#39;s nuclear ambition, joined Pittsburgh-based Westinghouse as chief executive in September 2012 from a nuclear joint venture between General Electric (GE.N) and Hitachi Ltd (6501.T).<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">In an interview with Reuters in 2015, Roderick said he was &quot;pretty confident&quot; in achieving Westinghouse&#39;s goal of winning orders to construct 64 reactors worldwide over the next 15 years.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">But billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Southeast pushed Westinghouse into bankruptcy and resulted in a net loss of $9 billion at Toshiba.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"font-size:9px;\"><span style=\"color:#000000;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Source:-&nbsp;http:\/\/www.reuters.com\/article\/us-toshiba-accounting-westinghouse-idUSKBN1770O6<\/span><\/span><\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/toshiba-westinghouse-replaced-chairman-two-days-bankruptcy-filing.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Toshiba&nbsp;Westinghouse replaced chairman two days before bankruptcy filing Toshiba&nbsp;Westinghouse replaced chairman two days before bankruptcy filing:- Westinghouse Electric Co replaced its chairman two days before the U.S. nuclear construction unit of Japan&#39;s Toshiba Corp (6502.T) filed for bankruptcy last week, as it tries to draw a line under the travails [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":26042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[16317,16318,16316,3299],"class_list":["post-26041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-danny-roderick","tag-mamoru-hatazawa","tag-toshiba-westinghouse-replaced-chairman-two-days-before-bankruptcy-filing","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/26041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=26041"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/26041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/26042"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=26041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=26041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=26041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}