Bloomberg News

Olympus Needs New Management, Ex-Chief Executive Woodford Says

November 15, 2011

Nov. 8 (Bloomberg) -- Michael C. Woodford, the former chief executive officer of Olympus Corp., said the company needs a “new management with integrity.”

“They need to start rebuilding the company,” Woodford, fired from the company last month, said in a phone interview today. “I’d have to see what shareholders are saying and consider very carefully what to do next.”

To contact the reporter on this story: Chris Cooper in Tokyo at

To contact the editor responsible for this story: Anand Krishnamoorthy at

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