Olympus (JP:7733) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Olympus Corporation’s CEO, Stefan Kaufmann, has resigned following allegations of illegal drug purchases, leading to an investigation and a unanimous board decision citing behavior inconsistent with company values. Yasuo Takeuchi will temporarily assume CEO duties while the board seeks a successor. Olympus extends its apologies to stakeholders for the situation.
For further insights into JP:7733 stock, check out TipRanks’ Stock Analysis page.