The new president of scandal-hit camera maker Olympus is Hiroyuki Sasa, the company is expected to confirm in a press conference this morning.

The new president of scandal-hit camera maker Olympus is Hiroyuki Sasa, the company is expected to confirm in a press conference this morning.

Sasa has worked as head of development and marketing at Olympus’s medical systems division.

Meanwhile, Olympus has selected Yasuyuki Kimoto, a former executive at Olympus’s main lender Sumitomo Mitsui Banking Corp, as its next chairman, reports Reuters.

The 11 new directors, whose election will first have to be approved at a shareholders’ meeting on 20 April, will likely take up their new positions in the face of ongoing international probes into a £1.1 billion accounting cover-up.

Kimoto’s selection as new chairman is expected to face criticism from foreign investors, amid claims of a possible conflict of interest, given his connections with Olympus’s bank, according to reports.

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EXCLUSIVE INTERVIEW WITH MICHAEL WOODFORD, FEBRUARY 2012

Top Olympus officials arrested over £1.1 billion cover-up

AP INTERVIEW WITH FIRED CEO MICHAEL WOODFORD (November 2011)

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Sacked Olympus boss outlines key to future

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