Ex-Olympus CEO Woodford accepts invitation to attend board meeting


Reuters

TOKYO/LONDON — The sacked chief executive of Japan’s disgraced Olympus Corp. says he has accepted an invitation to attend its board meeting this week, in what could be a hopeful sign for investors who want him to return and lead a clean-up of the firm. Olympus, a maker of cameras and medical equipment, has been engulfed by an accounting scandal and is under investigation by regulators, prosecutors and also organized crime police. The scandal broke when CEO-turned-whistleblower Michael Woodford publicly questioned its accounts after his sacking last month. “I was invited to the board meeting on Friday by Olympus and welcome the opportunity of going to Japan,” Woodford, a Briton, told Reuters in London on the eve of his departure for Tokyo, his first trip back to Olympus headquarters since his sacking at a board meeting just over five weeks ago.