Olympus Launches Global Search for New CEO Amid Leadership Transition

Olympus Corporation has enlisted the help of a global executive recruitment firm to assist its board search committee in identifying and evaluating candidates for the role of CEO. The Tokyo-based medtech company emphasized its commitment to completing the succession process swiftly and efficiently to ensure sustained leadership and growth, according to a December 20 announcement.

Yasuo Takeuchi, board chair and former CEO, has been serving as acting CEO since October following the resignation of Stefan Kaufmann. Kaufmann stepped down amidst allegations of purchasing illegal drugs, marking an abrupt end to his tenure after just 18 months in the position, which he assumed in April 2023.

On December 23, Kaufmann reportedly pleaded guilty in a Tokyo court to charges of illegal drug procurement. The indictment identified cocaine and MDMA as the substances involved. Media reports indicate that Kaufmann admitted to using the drugs in an attempt to cope with extreme fatigue caused by 16- to 18-hour workdays.

Kaufmann’s departure represents a significant disruption for Olympus, where he had climbed the ranks over several years to secure the top leadership role. His resignation has prompted the board to prioritize a seamless transition to maintain momentum in the company’s strategic initiatives.

Olympus is ranked as the 21st largest medical device company globally, according to the latest Medtech Big 100 report. The company generates over $6.6 billion in annual revenue and employs nearly 29,000 people worldwide, underscoring the importance of stable and effective leadership during this critical juncture.

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