June 28 (NHK) – Japanese electronics maker Sharp is shaking up the company’s management a day before its shareholders’ meeting. The company plans to shift its focus to home appliances and will appoint its first Japanese leader in about two years.
Sharp, a subsidiary of Taiwan’s Hon Hai Precision Industry, said Vice President Okitsu Masahiro will become president and CEO.
Okitsu joined Sharp in 1980. He was executive managing director for the home appliance division before assuming the position of vice president.
Sharp is struggling against its Chinese and South Korean rivals.
The company reported a net loss for the second year in a row for the fiscal year through March.
Current President and CEO Wu Po-Hsuan will continue in his role as representative director if the shareholders’ meeting approves.
