Activist shareholders help ousted CEO of Japan’s Lixil Group achieve a rare comeback
TOKYO—In a rare corporate comeback, the ousted chief executive of Lixil Group Corp. recovered his job at the Japanese bath and kitchen company with the support of some foreign activist shareholders.
Kinya Seto returned on Tuesday to Lixil’s helm, eight months after losing his job in a clash with then-Chairman Yoichiro Ushioda, who has now himself lost all his company positions.
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