The following appears on WSJ.com
By TAKASHI MOCHIZUKI – TOKYO— Sharp Corp. will implement a large-scale corporate restructuring to achieve profitability, with the hope of restoring the brand’s image as a global provider of innovative consumer electronics, the company’s new chief executive said Monday.
“My mission as the leader of Sharp is to turn around this company without any further delay,” said Tai Jeng-wu, who became CEO as part of the takeover by Taiwan’s Foxconn Technology Group.
Mr. Tai, Foxconn Chairman Terry Gou’s right-hand man, took over from Kozo Takahashiwhen the ¥388.8 billion ($3.9 billion) deal to take more than a 60% stake in Sharp closed this month.
