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Olympus removes its British chief


Michael Woodford

Michael Woodford

Michael Woodford

Japanese camera maker Olympus said it had demoted Michael Woodford, its British president and chief executive, after just six months, over a series of management rows.

The camera and precision instruments company said Mr Woodford had "largely diverted" from the rest of the management team and that the rift was causing decision-making problems.

Its board of directors met and unanimously demoted Mr Woodford to director, the company said. It has appointed Chairman Tsuyoshi Kikukawa to replace him.

Mr Woodford was among a handful of foreigners leading major Japanese companies. His appointment came amid a push by Olympus to make itself more globally competitive.

He did not attend the board meeting.

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