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Four executive changes on pharmaceutical market. Are others set to follow?

Autor: Ioana David

08.05.2011, 23:34 80

Four companies in the drug industry, GlaxoSmithKline (GSK), EliLilly, Farmexpert and MSD, have changed their management this year,which could amount to the start of a new wave of departures in thepharmaceutical industry.

There have been numerous changes at the top every year,hitting a high in 2009, when 13 companies in the sector announcedchanges of general managers during a difficult time for theindustry, when pressure to obtain liquidity and retain profitmargins peaked.

The four changes that occurred in the first four months of thisyear are set to bring about new company strategies, new resourcesin the fight to increase sales and profit.

In January 2011 a Frenchman and an Italian arrived in Romania totake over at the helm of two top-15 companies: GSK and EliLilly.

The departure of the former GSK Romania head, Patrick Desbiens,after a term of just two years, had been announced in 2010, withhis successor, French-born Pascal Prigent, 43, taking over inJanuary.

Another company changed its country manager in January.Italian-born Luca Visini, 38, was appointed to the helm of EliLilly.

More recently, in April, Slovenian-born Agata Jakoncic, wasappointed general manager of MSD Balkan, a 10-country region whichincludes Romania. The company announced Jakoncic has been replacedby American-born Steve Warner.

Two Romanian executive managers also dropped their positions.Octavian Iacob and Cezar Zaharia of Farmexpert, the second-largestpharmaceutical distributor on the Romanian market, left the companyin February.

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