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After 16 Years, Roche's Pharma Division Head Decides To Step Down

  • Roche Holdings AG's (OTC: RHHBY) head of its pharmaceuticals division, Bill Anderson, has decided to leave after 16 years with the company.

  • Bill Anderson would quit at the end of the year "to pursue opportunities outside of Roche," with a successor due to be named by March 2023, Roche said in a statement.

  • Thomas Schinecker will become the ad interim CEO of Roche Pharmaceuticals starting 1 January 2023, when he hands over the CEO Roche Diagnostics role to Matt Sause as previously announced.

  • Also see: Roche's Another Alzheimer's Hopeful Flops In Phase 3 Program, Second Trial Setback Within Months.

  • As previously announced in July 2022, Christoph Franz has decided not to seek re-election as Chairman.

  • The Board of Directors will propose Severin Schwan as the new Chairman and has appointed Thomas Schinecker as the new Roche Group CEO, effective 14 March 2023.

  • The company added that Nestle (OTC: NSRGY) CEO Mark Schneider and Akiko Iwasaki, an Immunobiology professor at Yale University, would stand for election as new board members at next year's annual general meeting.

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