Olympus to promote insider as president: report

(Reuters) - Olympus Corp plans to promote executive officer Hiroyuki Sasa as president in April, the Japanese business daily the Nikkei said. Sasa, who has worked as head of development as well as marketing at subsidiary Olympus Medical Systems Corp, will be appointed president on April 20 on his approval as director at an extraordinary shareholders meeting the same day, the paper reported. Battered by an accounting scandal, Olympus believes rebuilding efforts will be better served by tapping an insider well-versed in its mainstay medical equipment business, the business daily said. ...

Source: http://news.yahoo.com/olympus-promote-insider-president-report-181416741.html

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