Seiko board dismisses president for 'dogmatic management'

Seiko board dismisses president for 'dogmatic management'

TOKYO, Japan - Shinji Hattori speaks at a news conference in Tokyo on April 30, 2010, after Seiko Holdings Corp.'s board dismissed President Koichi Murano and replaced him with Hattori, the nephew of Seiko Honorary Chairman Reijiro Hattori, in an emergency meeting. The board accused Murano of a ''dogmatic management approach'' that led to the erosion of corporate governance and neglect of the company's debt-ridden subsidiary.

Seiko replaces president

Seiko replaces president

TOKYO, Japan - Seiko Holdings Corp.'s new President Shinji Hattori speaks at a press conference in Tokyo on April 30, 2010. Hattori, who was the company's vice president, replaced Koichi Murano the same day as the major clock and watch maker announced Murano's dismissal for creating mistrust among employees and customers through his ''dogmatic management approach.''

Seiko board dismisses president for 'dogmatic management'

Seiko board dismisses president for 'dogmatic management'

TOKYO, Japan - Shinji Hattori speaks at a news conference in Tokyo on April 30, 2010, after Seiko Holdings Corp.'s board dismissed President Koichi Murano and replaced him with Hattori, the nephew of Seiko Honorary Chairman Reijiro Hattori, in an emergency meeting. The board accused Murano of a ''dogmatic management approach'' that led to the erosion of corporate governance and neglect of the company's debt-ridden subsidiary. (Kyodo)

Seiko replaces president

Seiko replaces president

TOKYO, Japan - Seiko Holdings Corp.'s new President Shinji Hattori speaks at a press conference in Tokyo on April 30, 2010. Hattori, who was the company's vice president, replaced Koichi Murano the same day as the major clock and watch maker announced Murano's dismissal for creating mistrust among employees and customers through his ''dogmatic management approach.'' (Kyodo)