Bloomberg News

Olympus Chairman Says Ousted President Didn’t Focus on Employees

October 13, 2011

Oct. 14 (Bloomberg) -- Olympus Corp. Chairman Tsuyoshi Kikukawa said ousted President Michael C. Woodford did not focus on bringing employees together toward a common goal.

Kikukawa, who becomes president of the Tokyo-based company,

told reporters today that Woodford created “gaps” in management and the situation would have caused trouble if allowed to continue. Woodford could not be reached immediately for comment.

To contact the reporter on this story: Mariko Yasu in Tokyo at

To contact the editor responsible for this story: Dave McCombs at

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