Olympus has announced that CEO Stefan Kaufmann will step down from his position with immediate effect on October 28, 2024. The company’s board has appointed Yasuo Takeuchi as the chairman and interim CEO to take over the responsibilities of the CEO while a new CEO is being recruited.
The reason cited by the company’s board is an allegation that CEO Kaufmann has unlawfully purchased illegal drugs, prompting them to seek external legal counsel to conduct an investigation. Based on the details received, the board has concluded that CEO Kaufmann has exhibited behavior inconsistent with business ethics and values, leading to his resignation. Kaufmann has agreed to abide by the board’s decision.
Source: Olympus
TLDR: CEO Stefan Kaufmann of Olympus resigns immediately due to allegations of purchasing illegal drugs, prompting an external investigation and his agreement to step down as per the board’s decision. Newly appointed chairman and interim CEO is Yasuo Takeuchi.
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