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Leica ousts CEO, looks at changing direction

updated 04:20 pm EST, Fri February 22, 2008

Leica ousts CEO Steven Lee

Famous camera and lens maker Leica has officially jettisoned its CEO, according to company officials. The removal of Steven K. Lee is described as a sudden move, authorized by the company's supervisory board. He will be temporarily succeeded by owner and chairman Andreas Kaufman, who will work in tandem with the board's treasurer and financial controller until February 28th. Lee's tenure only began in November of 2006.

The reasons for Lee's departure are unclear, but they appear to be connected to an interview Lee gave at the recent PMA expo, in which he hinted that the company's M8 rangefinder would be upgraded with a full-frame sensor sometime after next September's Photokina expo. "This change of management allows Leica Camera AG to immediately review strategies and make changes where required," says David Bell of Leica UK. "One of the first tasks for Dr. Kaufmann will be to positively review all options for the M system's future."

Full-frame sensors have become increasingly popular with camera makers and photographers, as they allow for greater sensitivity with less noise, and do not affect the intended focal lengths of lenses. They are however more expensive, and are generally found in pro-level cameras such as Nikon's D3 or Canon's EOS-5D. [via Amateur Photographer]

By Electronista Staff
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  1. psdenno

    Fresh-Faced Recruit

    Joined: May 2003


    excuse me..........

    .....did I drop into instead of by mistake? Why was this posted on macnn? What relevance am I missing?

  1. dliup

    Fresh-Faced Recruit

    Joined: Jan 2006


    paulc, u fool

    Hey fool, why don't you google: 128gb SSD 2.5" sata

    See what prices come up. Yes, close to $4000 for 128gb. In comparison, 64gb SSD (half the size of 128gb) in a SMALL FORM FACTOR is about 1/4 the price. Yes, Apple's price is about half the price of some alternatives.

    Do you know a Mac Mini costs $599?

  1. BelugaShark

    Fresh-Faced Recruit

    Joined: Aug 2007


    Non relevant.

    What has this got to do with Apple or Macs?

  1. hayesk

    Professional Poster

    Joined: Sep 1999


    Re: non-relevant

    Then why did you click on the article and read it. Maybe if you thought for a second you might realize that a lot of photographers use Macs and this might be of interest to them.

    Geez, do you write to complain to your local newspaper every time they publish something that doesn't strictly occur within your city limits?

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