World Business Briefing | EUROPE: Switzerland: Roche Chief to Leave
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The Swiss pharmaceutical company Roche Holding said its chief executive would step down next March as the company separates that job from the chairmanâs position. Franz B. Humer, who has been chief since 1998, will remain chairman of the board. Next July, he also will become chairman of the beverage company Diageo. He will be succeeded by Severin Schwan, 40, who had been the head of Rocheâs diagnostics unit since January. The company also posted a 24 percent increase in first-half net profit, to 4.92 billion Swiss francs ($4.1 billion) from 3.97 billion francs in the period a year earlier. Roche benefited from its flu treatment Tamiflu as governments stockpile the drug in case of an influenza pandemic.
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The head of global stocks at the Citadel Investment Group, a $12 billion Chicago-based hedge fund, has left the firm, according a source.
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Pharmaceutical company Biovail Corp. on Thursday said company founder Eugene Melnyk will give up the chief executive title and remain chairman.
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Swiss banking giant UBS on Friday announced the surprise resignation of its chief executive Peter Wuffli following a turbulent period for the bank marked by difficulties in the US mortgage market.
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Billionaire Eugene Melnyk said yesterday he is stepping down as chief executive of Biovail Corp. The company said Doug Squires, the former CEO of New York-based MDS Pharma Services, a division of Toronto-based
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Peter R. DolanÂs troubled five-year term as chief executive of the drug maker Bristol-Myers Squibb appears to be near an end.
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Swiss certification and inspection group Societe Generale de Surveillance (SGS) said its chief executive, Werner Pluss, had resigned for health reasons barely three months after taking the job.
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Starbucks Corp  on Monday  said its chief executive, Jim Donald, is leaving the company,  effective immediately.
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EMERYVILLE, Calif. A high-tech executive appointed to Chiron&#39;s board of directors last month has resigned from the embattled biotechnology company.
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EADS Deputy Chief Executive Jean-Paul Gut, who oversaw strategy for Airbus' parent, is departing after "a divergence in views," the company said Monday.
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US Air Force Secretary James G.Roche submitted his resignation Tuesday, the Pentagon announced. Roche plans to step down on Jan. 20, 2005, or sooner if a successor is confirmed
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Management resignations seen as necessary by those wanting to sell or break apart the biopharma.
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Richard Notebaert said Monday he will leave as chairman and chief executive officer after the board had chosen a replacement.
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A surgeon who developed an award-winning technique to cut waiting lists quits Britain for Switzerland.
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Beleaguered bank Northern Rock says its chief executive Adam Applegarth has left the firm.
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Liz Claiborne Inc.  President Trudy Sullivan is leaving the company to become the chief executive of Talbots Inc. , the apparel companies said on Friday.
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Dina Dublon, chief financial officer of JP Morgan Chase (JPM ), announced on Sept. 21 that she would be leaving by yearend. Considered one of the most powerful women on Wall Street, Dublon&#39;s departure is a