Sharp Corporation announced that Sharp Executive Vice President Kozo Takahashi will replace current President Takashi Okuda, who led the company as it scrambled to secure capital from Innolux, Qualcomm and Samsung and warned about its future as a going concern. Okuda will become chairman replacing Mikio Katayama, a former president who led Sharp's aggressive investment large-size LCDs that included its 10th-generation plant in Sakai, Japan. Takahasi was CEO of Sharp's U.S. operations from April 2010 to May 2012.