Toshiba Corp interim President Masashi Muromachi has been proposed by the company as a more permanent CEO officer beyond September following the dramatic exit last week of a host of executives, over their roles in one of Japans biggest accounting scandal according to Japanese media.

Last week Toshiba said last week that then-chairman Muromachi would temporarily assume the CEO role after an independent probe found that former CEO Hisao Tanaka had been aware the company had inflated its profits by A$1.2 billion over a period of several years.


A Toshiba spokesman said nothing had been decided.

The Asahi daily said the decision was made by the company’s appointments committee, which includes external directors. Toshiba is expected to propose the plan at an extraordinary shareholders’ meeting in September, the paper said, without citing sources.

Muromachi is considered a safe pair of hands to lead Toshiba through its current turmoil and was not implicated in the accounting irregularities that saw the departure of eight officials last week.

The third-party committee’s report last week said Tanaka and then-vice chairman Norio Sasaki had pressured business divisions to meet difficult targets and knew they were overstating profits and delaying the reporting of losses, amid a culture of not going against the wishes of superiors.