Pharmaceuticals group Sanofi is working on a plan to find a new CEO in agreement...
PARIS - Pharmaceuticals group Sanofi is working on a plan to find a new CEO in agreement and consultation with current chief executive Olivier Brandicourt, a spokesman for the French drugmaker told Reuters on Monday.
Sources told Reuters talks over the future of the group’s management had intensified in recent weeks. Under his management, the company swapped its animal health unit to Boehringer Ingelheim in exchange for the German firm’s consumer healthcare operations in a $20 billion deal. It has also sold its European generics arm for 1.9 billion euros to private equity firm Advent International.
But the company regained momentum last year with the purchase of Belgian biotech company Ablynx for 3.9 billion euros. That followed the acquisition of U.S. group Bioverativ for $11.6 billion, its biggest deal for seven years.
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