The multinational² conglomerate³ headquartered in Tokyo also saw its vice⁴ chairman and advisor⁵ Norio Sasaki and Atsutoshi Nishida step down following a board meeting earlier in the day, with the company announcing that current chairman Masashi Muromachi will step in to double as interim⁶ president. 

 

At a press conference at Toshiba's head office in Tokyo following the announcement of his resignation, Tanaka apologized to the firm's shareholders⁷ over the accounting irregularities, saying that while he saw nothing wrong with pursuing profits, accounting practices should follow strict and proper rules. 

 

He said that ongoing⁸ investigations⁹ by a third-party panel which unearthed¹⁰ the initial scandal would be taken seriously by the company and due to the now tainted¹¹ image of the company -- the worst of its kind in its 140-year history -- it would work hard to rebrand itself. 

 

Tanaka went on to say that the firms 200,000 employees would do their utmost everyday henceforth to help regain¹² the trust and understanding of their consumers, but reiterated¹³ that it was the company's executive-level representatives, including himself, who are responsible for the problem and accept the third-party's findings.

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