Wednesday, April 18, 2012

American CEO quits Nippon Sheet after "disagreements"

TOKYO (Reuters) - The American president and chief executive of Nippon Sheet Glass Co Ltd quit the company after less than two years in the post following "fundamental disagreements" with the board over strategy, chairman Katsuji Fujimoto said on Wednesday. Fujimoto dismissed suggestion in a press conference that the departure of Craig Naylor heralded the sort of corporate scandal sparked when Japan's Olympus Corp fired Briton Michael Woodford in October. "Our firm has nothing whatsoever like the situation that happened at Olympus," Fujimoto told reporters. ... Credit of the story

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