Done and Dusted - CEO ousted...
Olympus Corp said Friday it has dismissed Michael Woodford as its president and CEO after just six months because of management conflicts.
The company said Woodford had “largely diverted” from the rest of the management team and that the rift was causing decision-making problems...
...Two weeks ago, Olympus said that “the board have been extremely pleased with the progress made under Mr. Woodford’s leadership,” in comments that came six months after his appointment as president.
His work has “exceeded the expectations at the time of his appointment,” the company said earlier, adding that the board had met to appoint him as CEO in addition to his responsibilities as president.