Leica Camera, the German manufacturer of high-prestige but high-price photography equipment, has replaced its top executive, Steven Lee.
"The supervisory board of Leica Camera AG today removed Steven K. Lee as member and chairman of the board of management of Leica Camera AG with immediate effect," the company said in a brief statement Friday.
The board also named Andreas Kaufmann to be chairman of Leica Camera's board of management until February 28, 2009. He and Andreas Lobejaeger will lead the company jointly, the company said.
Leica was an influential brand in the 20th century, pioneering the use … Read more