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Dennis Hissink : April 8th 2005 - 02:30 CET

Olympus Europe corporate reorganisation


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OlympusOlympus Europe corporate reorganisation : As a part of the Olympus global strategy to enhance effectiveness and value creation of its business areas, Olympus Europe has undergone a corporate reorganisation. In addition to optimising the use of company resources, the move, which has been undertaken in all major Olympus centres worldwide, will put Olympus in a stronger position to respond quickly to the changing market conditions in each of its business areas. The realignment will therefore facilitate greater market competitiveness and guarantee the ability to meet customer demands more effectively, ensuring improved business results now and into the future.
Olympus Europe corporate reorganisation
With the global business environment becoming increasingly challenging, a more precise focus on the individual demands of the specific customers, markets and local business environment has become an ever more crucial factor for sustainable growth. The worldwide reorganisation at Olympus sets the stage for increased operational effectiveness and efficiency. On the back of greater competition and lower profit margins in the digital camera segment and cost-cutting policies in the public health sectors, for example, this move has become essential to sure up business performance.

Olympus Europe corporate reorganisation - Higher level of responsibility
The prerequisite structures to streamline and accelerate internal decision-making processes were established over the last months with the global corporate reorganisation. For each of the business divisions, the move entails a higher level of responsibility which is required right down to the national subsidiaries.

Olympus Europe corporate reorganisation - Operating business
As a consequence of the realignment, the operating business of the Olympus Europe is now structured as follows:
- Olympus Imaging Europa GmbH: Offering a broad product range encompassing analogue and digital cameras (including the professional Olympus E-System digital SLRs), binoculars, voice recorders, the m:robe music players and accessories.
- Olympus Medical Systems Europa GmbH: A strong partner in the field of medicine, it provides medical and surgical endoscopic equipment and system solutions for a wide range of applications, as well as reprocessing systems and a huge selection of accessories.
- Olympus Life and Material Science Europa GmbH: Amalgamating the fields of microscopy and diagnostics, this company covers a wide scope of needs ranging from microscope systems that service all requirements in life and material science, to high-performance analytical systems and reagents for clinical laboratories.

Olympus Europe corporate reorganization - Europe GmbH the parent
Olympus Europa GmbH remains the parent company of all its subsidiaries and will additionally offer the following support services to the newly-founded companies: Finance, Human Resources/General Affairs, IT, Logistics and Corporate Communications. Operations in the domestic subsidiaries will continue to be organised as previously but will be subject to divisional management by the respective new companies. The reorganisation, which comes into effect on April 1, 2005, will create the optimal prerequisites to increase competitiveness and customer satisfaction in all business areas. In order to achieve this overall goal, the following three objectives will be targeted: To optimise the European management structure for the business, to augment transparency and accountability across European business operations in order to guarantee maximum quality and efficiency and to speed up critical decision making and ensure informed judgments for improved business practice.

Olympus Europe corporate reorganization - Mr Tsuyoshi Kikukawa
The Olympus Europa Holding GmbH acts as the umbrella organisation in order to ensure an integrated and uniform Olympus management. Under the direction of the chairman, its management board comprises the CEOs of the four newly-established organisations plus the president of the global Olympus corporation, Mr Tsuyoshi Kikukawa.





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