Olympus says CEO steps down after allegations of illegal drug purchase

OLYMPUS

28/10/2024 24:31

TOKYO, Oct 28 (Reuters) - Japanese medical equipment
maker Olympus Corp  7733.T  said on Monday that Chief Executive
Stefan Kaufmann has stepped down after allegations he purchased
illegal drugs.
    "Upon receiving an allegation that Mr. Stefan Kaufmann had
purchased illegal drugs ... Olympus, in consultation with
outside legal counsel, immediately investigated the facts," the
company said in a statement.
    "Based on the results of the investigation, the Board of
Directors unanimously determined that Mr. Stefan Kaufmann likely
engaged in behaviours that were inconsistent with our global
code of conduct, our core values, and our corporate culture."
    Director and representative executive officer Yasuo Takeuchi
will carry out the duties of the CEO for the time being, Olympus
said.

 (Reporting by Kiyoshi Takenaka; Editing by Christopher Cushing)
 ((kiyoshi.takenaka@thomsonreuters.com; +81 3 4563 2788;))