Olympus CEO Resigns Amid Illegal Drug Allegations

Stefan Kaufmann steps down after an internal investigation finds behavior inconsistent with company values.

Olympus' board unanimously determined that Kaufmann likely violated the company's global code of conduct.
The allegations led to a 5.6% drop in Olympus shares, marking the largest one-day fall in three months.
Yasuo Takeuchi, former CEO and current executive chairman, will temporarily assume CEO responsibilities.
Kaufmann had served as CEO since April 2023, focusing on expanding Olympus's medical equipment business.
Olympus has a history of controversies, including a major accounting scandal revealed by a former CEO in 2011.