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Struggling Panasonic (PC) names company veteran Kazuhiro Tsuga to replace Fumio Ohtsubo as...

Struggling Panasonic (PC) names company veteran Kazuhiro Tsuga to replace Fumio Ohtsubo as President, with the latter to become Chairman. Tsuga, who is the head of Panasonic's loss-making TV arm, takes over as the conglomerate heads for a record ¥780B ($9.7B) annual loss and amid a huge restructuring.
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