(Alliance News) - Pascal Soriot has committed to remaining as chief executive officer of AstraZeneca PLC for another five years, The Times reported on Wednesday.
Soriot, who is 64 years old, made the remark following the European Society for Medical Oncology congress in Madrid over the weekend, the newspaper said.
Soriot hopes that, when he does depart AstraZeneca, an internal candidate will replace him, saying it would be "a failure on my part if I'm not replaced by someone on my team", according to the Times.
https://www.thetimes.co.uk/article/astrazeneca-boss-sir-pascal-soriot-commits-to-another-five-years-at-the-top-vbxjmw03f
Soriot has been CEO of AstraZeneca since October 2012. The company's share price has more than tripled during those 11 years, giving it a market capitalisation of GBP161.54 billion.
The stock was up 0.5% at 10,490.00 pence on Wednesday morning in London.
By Tom Waite, Alliance News editor
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Astrazeneca (AZN)
