Ed McLaughlin to Step Down at Sharp Imaging; Sharp Japan Amends Earnings Forecast
Edward McLaughlin is stepping down as president of Sharp Imaging and Information Company of America. According to an agreement reached between McLaughlin and Sharp Electronics Corporation Chairman and CEO Kozo Takahashi, McLaughlin will assist in the search for his successor, which is now underway.
Once a new president has been appointed to Sharp Imaging, McLaughlin will remain with Sharp, where he’ll serve as a senior advisor. McLaughlin will also pursue new opportunities as an independent consultant to office-imaging companies. He and Sharp have agreed that, during this period, he will not enter into any consulting or other engagements that would conflict with Sharp’s business objectives.
As President of Sharp Imaging, McLaughlin has had overall responsibility for U.S. sales and marketing of Sharp’s office MFPs and software solutions, as well as its line of professional display products, point-of-sale (POS) systems, and information devices.
Sharp Japan Amends Fiscal Forecast to Reflect Effects of Japan Disaster
In other news at Sharp, Sharp Corporation of Japan revised its fiscal outlook for the first six months of its current fiscal year (April 1 – September 30, 2011) to reflect a loss. According to Sharp, financial results for the three months ending June 30, 2011 are expected to be “severe,” reflecting suspended operations at large-size LCD plants in Japan. However, Sharp says it’ll continue to push for its target for the entire fiscal year, and will continue with restructuring and cost reductions.
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