TOKYO (AP) — Japanese electronics maker Sharp Corp. named a new president Tuesday, reshuffling its top management to help restore profitability after reporting a record loss.

The Osaka, Japan-based maker of Aquos TVs said that Kozo Takahashi, currently an executive vice president, will become its president and CEO as of June 25. His appointment is part of a business reorganization aimed at returning to the black in the fiscal year ending March 2014 after years of losses.