Toshiba names ex-banker as CEO, seen tackling opposition to chip unit sale

TOKYO (Reuters) - Toshiba Corp appointed a former banker experienced in dealing with distressed companies as CEO, and forecast its first annual profit in four years, helped by a buoyant chip business that it has agreed to sell. Incoming CEO Nobuaki Kurumatani, 60, will be tasked with ensuring the smooth sale of the $18 billion chip unit - the world’s No. 2 producer of NAND memory chips and the ...