BANKRUPTCY FILING
Westinghouse chairman axed amid meltdown
Danny Roderick was the driving force behind Toshiba’s nuclear ambitions
Tokyo — Westinghouse Electric fired its chairman two days before the US nuclear engineering unit of Toshiba filed for bankruptcy, as the Japanese firm tries to draw a line under the travails of a business that has cost it billions. Toshiba’s spokesman said Westinghouse chairman Danny Roderick was replaced by Mamoru Hatazawa, chief of Toshiba’s nuclear division, on March 27, two days before the chapter 11 filing. Hatazawa’s role would be temporary, he added. Roderick, who has been described by industry and company insiders as more salesman than engineer, was the driving force behind Toshiba’s nuclear ambitions. Toshiba said the executive change, only the second at senior level reported since the Westinghouse crisis began to unfold in December, was intended to reassure clients ahead of the bankruptcy filing. Toshiba declined to say whether Roderick remained with Westinghouse. Calls to Roderick from Reuters seeking comment went straight to voicemail. Roderick joined Westinghouse as its...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.