Wednesday, April 18, 2012

Nippon Sheet's American boss quits amid 'differences'

Craig Taylor

Japanese glass maker Nippon Sheet Glass (NSG) has said that its American chief executive, Craig Taylor, has resigned over "disagreements with the board".

NSG said Mr Taylor was leaving over differences on the company's strategy.

Mr Taylor is the latest foreign chief executive to part ways with a Japanese firm.

His resignation comes just months after a spat between the non-Japanese chief executive and the management of Olympus over accounting irregularities.

However, NSG said that Mr Taylor's resignation had nothing to do with corporate governance issues.

"Our firm has nothing whatsoever like the situation that happened at Olympus," said Katsuji Fujimoto, chairman of NSG.

"This is regrettable but we thank Craig for his efforts over the past two years and wish him well in the future."



Source & Image : BBC

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