LONDON (Alliance News) - Drugmaker GlaxoSmithKline PLC is gearing up to start a formal search to find its new chief executive as Andrew Witty's term at the helm enters its final stages, the Financial Times reported.
Philip Hampton, Glaxo's chairman, has already consulted with large shareholders on the succession plan on an informal basis, the FT said, citing people involved in the talks, and it is understood a more intensive process will take place in coming months.
Witty is one of the longest-serving chief executives in the FTSE 100, having held the role since 2008, and is not expected to leave before 2017. He will be involved in the search for his successor.
https://next.ft.com/content/3c7203da-de21-11e5-b67f-a61732c1d025
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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