Olympus Corporation announced that Mr. Stefan Kaufmann, Director, Representative Executive Officer and President of Olympus has resigned from his positions as Director, Representative Executive Officer, President, Executive Officer and Member of the Nominating Committee on October 28, 2024 as follows. Reason for the change. Upon receiving an allegation that Mr. Stefan Kaufmann had purchased illegal drugs, Olympus, in consultation with outside legal counsel, immediately investigated the facts, made a report to the investigative authorities, and cooperated fully with their investigation.
Based on the results of the investigation, the Board of Directors unanimously determined that Mr. Stefan Kaufmann likely engaged in behaviors that were inconsistent with their Global Code of Conduct, their Core Values, and their corporate culture. As a result, Mr. Stefan Kaufmann was asked to offer his resignation, which he did and which was subsequently accepted by the Board of Director.