The Olympus Corp. flag flies outside the company's Ishikawa research development facility in Tokyo, Japan, on Monday, March 14, 2022.
Shares of Japanese camera giant Olympus Corp fell on Monday after the company announced the resignation of its chief executive officer over a drug allegation.
The stock slid 5.3% on the Tokyo Stock Exchange following news of Stefan Kaufmann's resignation, according to LSEG data.
So far this year, Olympus shares have jumped 31.9%, outperforming Japan's benchmark Nikkei 225, which has risen 13.3%.
Kaufmann, 56, who had worked at Olympus for two decades, complied with a request to offer his resignation, the company added.
Persons:
Stefan Kaufmann's, Olympus, Stefan Kaufmann, Kaufmann, Yasuo Takeuchi, Takeuchi, Michael Woodford
Organizations:
Olympus Corp, Tokyo Stock Exchange, Olympus, Nikkei, CNBC, Toyota Motor, America
Locations:
Tokyo, Japan