It also announced on Friday that its three top executives are to stand down to make way for a fresh start - chairman and chief executive officer Yoichiro Okazaki, vice chairman Koji Furukawa and president and chief operating officer Hideyasu Tagaya are all to leave.

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This month, Chairman, President and CEO Hugh Grant, Executive Vice President and Chief Technology Officer Robert T.

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Sisson, CEO and Chairman of the Board Jerre L. Stead, and Executive Vice President and CFO Richard Walker sold shares in July.

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