In an interview with Amateur Photographer (AP) magazine Woodford also revealed that he would retain the camera business if reinstated as Olympus boss.
So, if shareholders reinstate Woodford at the helm, where would this leave the camera division?
Since the controversy blew-up there has been speculation in the press that Olympus may sell off its camera business - retaining the much larger, more profitable, medical equipment arm.
'The camera business is stronger than it's been for several years but we have to see where Olympus's future goes,' he told AP.
'We have gone back into profit in the consumer business. I would keep it for the moment.
'If the business continues in its current form then “consumer” is certainly not in the area I am saying we should cut.'
Woodford hinted that he would have felt differently had he been in charge three or four years ago.
Though unwilling to make any long-term predictions, he feels that, in future, the camera side must be 'super-fit'.
Woodford, whose father was a photographer, joined Olympus KeyMed - which is based in Southend, Essex - in 1981 and worked his way up through the company.
Though he sees a big future for 'high-end superzoom' compact cameras it seems that Olympus's Pen-branded compact camera system (CSC) models have revitalised the business, and are key to the future of the camera division, giving it a platform to 'rebuild'.
'I am a great believer in product… we make world-beating cameras, wonderful lenses, sexy-styled bodies. We can do that – that's what I've learned as I've got closer to the camera business.'
However, he expressed frustration that Olympus did not have more resources to invest in a market that is becoming ever more competitive, and now pitching up against the likes of camera giant Nikon in the CSC arena.
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