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Olympus picks president
OLYMPUS plans to promote executive officer Hiroyuki Sasa to the role of president in April, according to Japanese reports.
Sasa, who has worked as head of development as well as marketing at subsidiary Olympus Medical Systems Corp, will be appointed president on 20 April, the Nikkei paper reported.
Japanese prosecutors are now considering indicting Olympus as a company for falsifying its financial reports to conceal huge investment losses in a $1.7bn (£1.07bn) scandal, Kyodo news agency reported.