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The camera manufacturer forecast weak earnings growth and said its CEO and chairman will take on the additional role of president in March following the resignation of its current president.

Canon Earnings Slip President Stepping Down
TOKYO (Reuters) - Canon Inc posted a 30.9 percent decline in quarterly operating profit on Monday, hurt by production halts due to parts shortages after the March 11 earthquake, but it raised its full-year forecast due to a faster recovery than expected.

Canon posts 30.9 percent drop in Q2 profit, raises forecast
TOKYO (Reuters) - Canon Inc reported a 5 percent fall in quarterly operating profit and cut its annual outlook on Tuesday as it copes with the effects of Japan's earthquake, which halted some production and looks likely to hinder it further.