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Olympus Corporation of the Americas Names Mark Gumz President & CEO

Wednesday, April 2, 2008 General News
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CENTER VALLEY, Pa., April 1, 2008 Olympus, a precisiontechnology leader creating innovative opto-digital solutions in healthcare,life science and consumer electronics products, announced today that F. MarkGumz, president and chief operating officer of the global company's whollyowned subsidiary in the U.S. since January 2000, will add chief executiveofficer to his title, effective immediately. His new position will utilize hislongstanding experience with Olympus and the leadership skills developed overhis 30-year career on behalf of the nearly 2,500 employees of Olympuscompanies in the Americas. Also as of today, the Olympus Corporation holdingcompany that provides shared services for all Olympus companies in theAmericas, of which Gumz becomes CEO, will be renamed from Olympus USAIncorporated to Olympus Corporation of the Americas (OCA) to better reflectits regional geographic responsibility for North and South American Olympusoperations.
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"Mark's new position is part of a long-term plan to continue to positionOlympus and its subsidiaries for success, to meet market needs and to bestserve our customers through a region-specific management strategy executedaround the world," said Tsuyoshi ("Tom") Kikukawa, president of Tokyo-basedOlympus Corp. (TSE 7733). "His appointment will also help position theorganization to better respond to customer needs, and his knowledge ofJapanese culture and of our company makes him the perfect choice for CEO ofthis new company."
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Gumz is the highest-ranking official in the Americas and the firstAmerican to be appointed CEO of any Olympus entity. He will retain hispositions as president of Olympus America Inc. (OAI), Olympus Canada Inc.(OCI), Olympus Imaging America Inc. (OIMA) and Olympus Medical EquipmentServices America Inc. (OMES). He also continues to oversee the operations ofOlympus Latin America Inc.

Gumz said, "I look forward to my expanded leadership role with Olympus andam privileged to continue helping grow our businesses in medical devices,minimally invasive surgical products, life science instruments and consumerelectronic products, on behalf of our customers, employees and other keystakeholders in what promises to be a new and exciting era for Olympus, bothin the Americas and globally."

Gumz first worked for Olympus from 1977-1983 as vice president of OlympusCamera Corp. He was the first American hired for this company and wasresponsible for establishing the sales, marketing and distribution services ofOlympus consumer products in the United States. He then spent 16 years as anentrepreneur and independent global consultant, participating in severalstart-ups and leading an international trading company while maintaining anongoing business relationship with Olympus. He returned to Olympus in 2000 aspresident of Olympus America Inc. and applied his extensive experience in e-business, international trade and new business development, to help shape thecompany and contribute to its success.

Gumz began his career with the General Electric Company in 1972. He hasalso held management positions with Marubeni America Corporation and SankyoSeiki Co. He is a native of Cleveland, Ohio, and holds a B.A. in Humanitiesfrom Ohio State University.

About Olympus

Olympus is a precision technology leader, creating innovative opto-digitalsolutions in healthcare, life science and consumer electronics products.Olympus works collaboratively with its customers and its affiliates worldwideto leverage R&D investment in precision technology and manufacturing processesacross diverse business lines. These include:

Olympus serves healthcare and commercial laboratory markets withintegrated product solutions and financial, educational and consultingservices that help customers to efficiently, reliably and more easily achieveexceptional results. Olympus develops breakthrough technologies with
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