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Olympus board announces chairman and president picks, resigns

Brian Heater

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Olympus's entire board handed in its resignation this week, but not before picking a new president and chairman to head up the scandal plagued imaging company. Hiroyuki Sasa, from its medical equipment marketing arm, has been named for the president spot, and Yasuyuki Kimoto, who served as an executive for the Olympus-connected Sumitomo Mitsui Banking Corp., has been picked for role of chairman. Both appointments are pending shareholder approval. Sasa, for his part, stated the importance of getting consumers back on board with the company in light recent controversies, telling the press, "My duty is to win back as soon as possible the trust from everyone and repair this damaged brand."

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