Roche Appoints Next CEO; Board to Propose Current CEO Take Chairman Role
July 21 2022 - 1:53AM
Dow Jones News
By Joshua Kirby
Roche Holding AG said Thursday that it has appointed a new chief
executive officer, effective next March, and that the long-serving
incumbent is in line to become chairman of the Swiss pharmaceutical
major.
Thomas Schinecker will take the reins on March 15, 2023, Roche
said. He is currently CEO of the group's diagnostics division.
Mr. Schinecker will succeed Severin Schwan, the company's CEO
since 2008, Roche said. Mr. Schwan will be proposed as Roche's next
chairman, succeeding Christoph Franz, who won't seek re-election to
the board of directors at March's annual general meeting, the
company said.
Mr. Franz has been Roche's chairman since 2014.
Write to Joshua Kirby at joshua.kirby@wsj.com;
@joshualeokirby
(END) Dow Jones Newswires
July 21, 2022 01:38 ET (05:38 GMT)
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