Get In Touch
541 Melville Ave, Palo Alto, CA 94301,
ask@ohio.clbthemes.com
Ph: +1.831.705.5448
Work Inquiries
work@ohio.clbthemes.com
Ph: +1.831.306.6725
Back

German tapped to steer Japan’s medical firm Olympus as CEO


Writer of the article:

The Associated Press

The Related Press

Yuri Kageyama

FILE - A shopper walks by a sales counter of Olympus cameras at a store in Tokyo on Dec. 8, 2011. Japanese medical equipment maker Olympus said Friday, Oct. 21, 2022 it has named as its chief executive Stefan Kaufmann, a German who has worked for two decades at the manufacturer once known for old-style photographic cameras.
FILE – A client walks by a gross sales counter of Olympus cameras at a retailer in Tokyo on Dec. 8, 2011. Japanese medical gear maker Olympus stated Friday, Oct. 21, 2022 it has named as its chief govt Stefan Kaufmann, a German who has labored for twenty years on the producer as soon as recognized for old-style photographic cameras. Picture by Koji Sasahara /THE ASSOCIATED PRESS

TOKYO (AP) — Japanese medical gear maker Olympus stated Friday it has named as its subsequent chief govt Stefan Kaufmann, a German who has labored for twenty years on the producer as soon as recognized for old-style photographic cameras.

Commercial 2

Kaufmann’s appointment will take impact in April, pending board approval, stated Tokyo-based Olympus Corp. It stated Kaufmann will lead Olympus’ growth within the med-tech area, making certain the corporate adapts to scientific wants and necessities.

Monetary Publish Prime Tales

Signal as much as obtain the day by day prime tales from the Monetary Publish, a division of Postmedia Community Inc.

By clicking on the enroll button you consent to obtain the above publication from Postmedia Community Inc. You might unsubscribe any time by clicking on the unsubscribe hyperlink on the backside of our emails. Postmedia Community Inc. | 365 Bloor Avenue East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Based in 1919, final yr Olympus handed over its conventional camera-making enterprise to Japan Industrial Companions, an funding agency. It now focuses on medical expertise corresponding to endoscopes, tubes with tiny cameras that docs use to see contained in the human physique.

The corporate stated Yasuo Takeuchi, its present chief govt, will change into its chairman.

Olympus made headlines a decade in the past when one other international chief govt, Briton Michael Woodford, was fired after he raised questions on thousands and thousands of {dollars} in doubtful funds. The corporate later admitted the cash was a cover-up for large funding losses.

Commercial 3

At the moment, Woodford’s case was seen for instance of how Japanese firms had a tough time coping with international managers, and vice versa. Critics stated his remedy additionally highlighted how insular Japan Inc. was failing to stay as much as skilled ethics requirements.

Kaufmann is a director, govt officer and chief administrative officer at Olympus with expertise in Europe, the Center East and Africa.

It’s nonetheless comparatively uncommon for a non-Japanese to take the helm at a Japanese firm. About 7.3% Japanese firms are headed by foreigners, in contrast with 33.7% in america, based on Tokyo-based marketing consultant Cissoko and Co.

In a handful of circumstances, international management has been judged successful. That features Belgian-born Jean-Marc Gilson’s function at Mitsubishi Chemical Group, and Frenchman Christophe Weber at Takeda Pharmaceutical Co., though the numbers are step by step rising, stated SOURCE.

In a case the place issues ended badly, Carlos Ghosn, a French-Brazilian of Lebanese ancestry, was despatched by French automaker Renault SA to assist revive its ailing accomplice Nissan Motor Co. Ghosn led a spectacular turnaround however was arrested on varied monetary misconduct fees in late 2018. He fled to Lebanon in late 2019. He says he’s harmless.

——

Yuri Kageyama is on Twitter https://twitter.com/yurikageyama

Cengiz Goren
Cengiz Goren
https://www.cengizgoren.com

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

We use cookies to give you the best experience. Cookie Policy