New Panasonic Chief Promises Major Review

Kazuhiro Tsuga, Panasonic Corp.’s new president, vowed on Monday to implement a sweeping shake-up of the sprawling electronics maker that will see loss-making units shuttered or sold in a bid to revive profitability at the struggling conglomerate.

Panasonic Picks TV Head As New President

Japanese electronics conglomerate Panasonic Corp. named Kazuhiro Tsuga, the head of its loss-making TV business, as its new president as the company heads for a record annual loss.