• Kyodo

  • SHARE

Olympus Corp. said Sunday it will hold an extraordinary shareholders’ meeting on April 20 to select a new management team and replace its top executives, who will resign over an accounting scandal unraveled by former President Michael C. Woodford.

A company committee will choose the new lineup by mid-March with advice from external experts. The new crew will succeed six outgoing executives, including President Shuichi Takayama.

Under the new team, the camera and medical equipment maker will compile a business reform plan centering on a capital alliance. Fujifilm Holdings Corp. has said it is considering a tieup with Olympus, and Terumo Corp. has also shown interest in expanding its capital alliance with the optical equipment maker. Sony Corp. and Panasonic Corp. are also among the potential partners, sources familiar with the matter have said.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW