Nacho Abia, president and CEO of Upper Saucon Township-based Olympus Corp. of the Americas, said respect, transparency and persistence are keys to continuing the company’s strong global position in the medical device and precision technology industry.
Nacho Abia, president and CEO of Upper Saucon Township-based Olympus Corp. of the Americas, said respect, transparency and persistence are keys to continuing the company’s strong global position in the medical device and precision technology industry.
“Respect among employees, customers, business partners and all other stakeholders is also a priority,” he said.
“Transparency is important because it ultimately cultivates a great sense of trust from internal and external stakeholders,” Abia said. “Finally, I believe in persistence – never giving up and fighting for what you believe is right.”
Abia’s leadership and vision for oversight of the company’s manufacture and sale of precision medical devices and instruments, digital cameras and audio products make him one of the most influential business people in the Greater Lehigh Valley.
Yet, it has been a trying year.
Last month, the U.S. Attorney’s Office for the District of New Jersey announced that Olympus Corp. of the Americas would pay $623 million in fines and interest to resolve criminal charges and civil claims relating to a scheme to pay kickbacks to doctors and hospitals.
As part of the settlement, Olympus Corp. of the Americas also entered into a five-year corporate integrity agreement with the Office of Inspector General of the U.S. Department of Health and Human Services, the company said.
Abia, whose company had a reported $7 billion in revenue last year, said he believes being honest and fair must come first.
“Integrity must always be our first priority in all of our business activities,” he said.
“Three of our core objectives in 2016 are to continue to enhance our globalization efforts, grow our businesses and strengthen our relationships with the communities in which we live and work,” he said.
