Heads roll at Toyo in light of earthquake dampner scandal

On 23 June Toyo Tire & Rubber Co., Ltd. chairman Akira Nobuki resigned and executive corporate officer Tetsuya Kuze was demoted in order to take responsibility for Toyo Chemical Industrial Products Co., Ltd.’s sale of non-compliant seismic isolation rubber products. Four more executives announced their retirement. All the personnel changes take effect from 1 July 2015.

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