US EditionOlympus says CEO steps down after allegations of illegal drug purchase
- Olympus removed its chief executive, Stefan Kaufmann, after allegations regarding his possible purchase of illegal drugs.
- The board stated Kaufmann's actions were inconsistent with Olympus' code of conduct and values.
- Following his resignation, Olympus shares fell by 5.7%, in contrast to the Nikkei average's increase of 1.6%.
34 Articles
34 Articles
Olympus CEO Ousted After Allegation of Illegal Drug Purchase, Shares Slump
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JingletreeThe CEO of optics giant Olympus has resigned after accusations he bought illegal drugs, sending its shares plummeting
Olympus' shares slid almost 6% in Tokyo Monday after it was announced that Stefan Kaufmann had resigned from the company.
German CEO of Olympus resigns over alleged illegal drugs purchase
The German CEO of major Japanese optical equipment manufacturer Olympus has stepped down after allegedly buying illegal drugs, the company said on Monday. Stefan Kaufmann became chief executive officer in April 2023, having served as a board member since 2019. He first joined the European arm of Olympus in 2003.…
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