Navigation Links
GSK Announces Changes to Corporate Executive Team
Date:4/30/2008

PHILADELPHIA and LONDON, April 30 /PRNewswire-FirstCall/ -- GlaxoSmithKline (NYSE: GSK) today announced a number of changes to its Corporate Executive management team. In a message to employees, Andrew Witty, CEO designate, detailed new appointments and his new management team which will take effect on May 22nd when he assumes the role of Chief Executive Officer.

Outlining the context for these changes, Andrew Witty said: "It is clear that our industry is facing a rapidly changing environment. Demand for innovative medicines and healthcare products continues to grow, however we are also presented with increasing challenges, such as cost containment, regulatory pressures and generic competition."

To address these challenges, Witty stated that the company must work hard to increase GSK's global reach and presence, and ensure that vaccines, consumer healthcare and pharmaceuticals all play their full potential. He emphasized the need for GSK's business regions to drive sales growth, and announced new operational structures to expand and improve GSK's capability, particularly in emerging markets and in Asia.

"Emerging markets, such as Brazil, Russia, India, China and the Middle East, are significant growth drivers of the future. They are already contributing close to 25% of today's market growth and are forecast to grow even faster in the future, around triple the rate of western countries. It is essential that we have an operating structure that is dynamic and responsive to the opportunities in these markets," said Witty.

"I am therefore creating a new Emerging Markets region which will ensure that we devote the focus required to build on our excellent foundations in those markets and truly establish ourselves as a trusted, long-term partner, one that is actively working to address the specific healthcare needs in those countries," he said.

A new Asia Pacific region will also be created, which includes Japan and Australia. Witty noted that many of these countries have sophisticated and well-organized healthcare systems and that these markets represent "significant and immediate opportunities" for existing products and products which will be launched over the next few years.

As part of the changes to business regions, GSK has also realigned markets in North America (combining the US, Canadian and Puerto Rican businesses) and has established new operational areas in Europe to maximize their potential and opportunities for growth.

Witty also placed emphasis on the development of GSK's business through partnership and collaboration, and announced a new dedicated team for Corporate Strategy and Development:

"Making the changes required to develop our business for the next decade requires a rigorous and disciplined focus on corporate strategy. A key element of this new team's remit will be to proactively seek new business opportunities to expand our global reach and drive sales growth," he said. Finally, Witty also spoke to measures to improve processes and ensure that the company works effectively and efficiently. He also placed great emphasis on the need to sustain and develop the strong ethical culture of GSK:

"Ultimately, our culture and our people will be the key factors in our success. We need to ensure that we always do what is right for the patients and I want GSK to meet the highest standards expected of us by society," said Witty.

GSK Corporate Executive Team (effective May 22nd 2008):

-- Andrew Witty, Chief Executive Officer*

-- Julian Heslop, Chief Financial Officer*

-- Moncef Slaoui, Chairman, Research & Development*

-- Chris Viehbacher, President, North American Pharmaceuticals*

-- Simon Bicknell, SVP, Company Secretary & Compliance Officer

-- John Clarke, President, Consumer Healthcare

-- Marc Dunoyer, President, Asia Pacific

-- Eddie Gray, President, Pharmaceuticals Europe

-- Abbas Hussain, President, Emerging Markets. Abbas will join GSK on 2

June from Eli Lilly and Company, where he has spent 20 years overseeing

markets throughout Europe, Africa/Middle East and Australasia

-- Duncan Learmouth, SVP, Corporate Communications & Global Community

Partnerships

-- Bill Louv, Chief Information Officer

-- Dan Phelan, Chief of Staff

-- David Pulman, President, Global Manufacturing & Supply

-- David Redfern, Chief Strategy Officer

-- Jean Stephenne, President and General Manager, Biologicals

-- Claire Thomas, SVP, Human Resources

-- SVP & General Counsel (currently vacant)

* Executive directors who are also members of GSK's Board of Directors

GlaxoSmithKline -- one of the world's leading research-based pharmaceutical and healthcare companies -- is committed to improving the quality of human life by enabling people to do more, feel better and live longer. For company information, visit GlaxoSmithKline on the World Wide Web at http://www.gsk.com.


'/>"/>
SOURCE GlaxoSmithKline
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Summit VetPharm Announces New Distributor Partnership with Webster Veterinary
2. Psychemedics Corporation Announces First Quarter Results
3. InfoLogix Announces First Quarter 2008 Financial Results
4. Genoptix Announces Participation at the Bank of America 2008 Healthcare Conference
5. Webcast Alert: Neurocrine Announces 1Q08 Financial Results
6. ATS Medical Announces First Frontiers in Cryoablation Symposium
7. Carriage Services Announces First Quarter Earnings Release and Conference Call Schedule
8. Warner Chilcott Announces Settlement of Securities Litigation
9. SXC Health Solutions announces completion of exchange offer for NMHC
10. Elbit Imaging Ltd. Announces Termination of Service of Trustee for Holders of Series A, B and C Notes
11. WellPoint Announces Acquisition of DeCare Dental
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/20/2017)... ... , ... The StayWell Company and VUCA Health announced ... risks, foster behavior change and improve health literacy among patients. VUCA Health, which created ... of its video capability at StayWell booth 3443 during HiMSS. , The VUCA ...
(Date:2/20/2017)... ... February 20, 2017 , ... ... as an employee health benefit for companies that want to help members of ... providers, employees will have access to Watson’s suite of oncology offerings for insights ...
(Date:2/20/2017)... ... February 20, 2017 , ... Johns Hopkins All Children's Hospital celebrated ... topping out ceremony on Friday marked the halfway point of construction and lifting of ... Fall 2018, will serve as a center for innovation aimed at finding new discoveries ...
(Date:2/20/2017)... FL (PRWEB) , ... February 20, 2017 , ... ... gift from Constellation Brands to purchase a new ultrasound-enhanced thrombolysis machine, a state-of-the-art ... waves. The gift was facilitated by the Pepin Family Foundation. , “We greatly ...
(Date:2/19/2017)... ... 2017 , ... ProBrand Glitch is a set of 30 glitch distortion logo reveals made exclusively ... any logo with a glitch reveal in just a few clicks of a mouse. Customizable ... of each preset. Use these presets to add a uniquely animated logo to any photos ...
Breaking Medicine News(10 mins):
(Date:2/20/2017)... ORLANDO, Fla. , Feb. 20, 2017 /PRNewswire/ ... are helping physicians diagnose and treat patients with ... will provide wireless connectivity for ZywiePro, Zywie,s cardiac ... AT&T Control Center . AT&T ... accessible monitoring for those with the disease. The ...
(Date:2/20/2017)... , Feb. 20, 2017 Seal Shield LLC ... IT solution for mobile device management and disinfection, the ... Conference and Exhibition in Orlando, Fla. ... Mobile devices have become commonplace in today,s healthcare ... new set of concerns, including the disinfection and tracking ...
(Date:2/20/2017)... Feb. 20, 2017 Research and Markets has ... Freezer Market Analysis and Trends - Product (RFID refrigerators and RFID ... 2025" report to their offering. ... The Global RFID Blood Refrigerator and Freezer ... from 2015 to 2025. This industry report analyzes ...
Breaking Medicine Technology: