Olympus has nominated Hiroyuki Sasa to be its next president in the midst of a reputational and financial restructuring following a $1.5 billion accounting scandal, according to a Wall Street Journal report.
In addition to Mr. Sasa, who is currently head of the company’s medical equipment marketing branch, Olympus selected Yasuyuki Kimoto, formerly a managing director at Sumitomo Mitsui Banking Corp., to be chairman.
The Japan-based manufacturer of optics and reprography products seeks to submit a new 11-member board for shareholders' approval in April. The proposed board is expected to be met with resistance from international investors, some of whom have requested external, unaffiliated appointments.
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In addition to Mr. Sasa, who is currently head of the company’s medical equipment marketing branch, Olympus selected Yasuyuki Kimoto, formerly a managing director at Sumitomo Mitsui Banking Corp., to be chairman.
The Japan-based manufacturer of optics and reprography products seeks to submit a new 11-member board for shareholders' approval in April. The proposed board is expected to be met with resistance from international investors, some of whom have requested external, unaffiliated appointments.
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