pharmaceutical giant tevas chairman to resign
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Pharmaceutical giant Teva's chairman to resign

Arab Today, arab today

Arab Today, arab today Pharmaceutical giant Teva's chairman to resign

Teva Pharmaceutical Industries
Jerusalem - AFP

The chairman of Teva Pharmaceutical Industries, the world's largest maker of generic drugs, said Wednesday he would step down around the end of 2014.
The announcement by Phillip Frost came months after an abrupt change of CEO for the Israeli-based company.
"I have advised the board that I believe it will be appropriate for me to step down as chairman approximately by the end of this year," Frost said in a letter to shareholders.
"We will continue to evaluate the size and composition of the board to ensure that we maintain dynamic, exceptionally qualified leadership," he said, without giving specific reasons for his decision.
Frost was not immediately available for comment.
The letter also said the board's number had been reduced from 15 to 13 after two of its members retired.
Teva announced in January it had appointed a new chief executive, Erez Vigodman, to replace Jeremy Levin, who abruptly left in October.
Levin spent less than two years on the job, and media reports have said he left because of disagreements with Frost, a major shareholder, over the terms of a cost-cutting restructuring plan.
Teva said in October it planned to reduce staff by an average of 10 percent across its global operations by the end of 2014 as part of a mammoth cost-cutting plan.
Founded in 1901 in Jerusalem, Teva employs 7,500 people in Israel, where politicians and media have spoken of an impending 700-800 layoffs.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

pharmaceutical giant tevas chairman to resign pharmaceutical giant tevas chairman to resign

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

pharmaceutical giant tevas chairman to resign pharmaceutical giant tevas chairman to resign

 



GMT 12:49 2017 Wednesday ,06 September

Senegal wants to buy 10 units of ship from PT PAL Indonesia

GMT 22:57 2017 Wednesday ,01 March

Trump lays out his vision of America to Congress

GMT 21:08 2017 Sunday ,17 September

OIC condemns suicide attack in Cameroon

GMT 00:59 2017 Sunday ,10 December

hmad Zahid's Visit To Rohingya Camp

GMT 02:25 2017 Friday ,24 February

Pope in emotion-charged visit to Italy quake zone

GMT 22:26 2016 Thursday ,22 September

Indian market closes higher

GMT 05:52 2016 Wednesday ,05 October

Robin Williams’ widow details actor’s final days

GMT 18:42 2017 Saturday ,07 October

Education, Works ministries discuss cooperation

GMT 03:11 2017 Friday ,14 April

5 Sudanese soldiers killed in Yemen

GMT 15:35 2017 Saturday ,25 February

United Nations chief arrives in Saudi

GMT 20:47 2017 Saturday ,07 October

PM asserts to bolster relations with Egypt
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday