Post by icemandios on Aug 7, 2019 12:20:46 GMT
Teva Announces CFO Leadership Transition
About Teva
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) has been developing and producing medicines to improve people’s lives for more than a century. We are a global leader in generic and specialty medicines with a portfolio consisting of over 3,500 products in nearly every therapeutic area. Around 200 million people around the world take a Teva medicine every day, and are served by one of the largest and most complex supply chains in the pharmaceutical industry. Along with our established presence in generics, we have significant innovative research and operations supporting our growing portfolio of specialty and biopharmaceutical products. Learn more at www.tevapharm.com.
JERUSALEM
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) today announced that Michael (Mike) McClellan, Executive Vice President and Chief Financial Officer (“CFO”), has decided to step down from his role as CFO due to personal reasons requiring him to be located near his family. Teva has initiated a search to identify its next CFO. Mr. McClellan is expected to remain in his role through the announcement of third quarter results to assist with a smooth transition.
KĂĄre Schultz, President and Chief Executive Officer, stated, "On behalf of the Board of Directors and our leadership team, I would like to thank Mike for his dedication and contributions as CFO in such challenging times. During his term, Mike played an instrumental role in executing on the company-wide two year restructuring efforts to significantly reduce our cost base and improve business performance."
Mr. McClellan stated, "I deeply value the opportunity I’ve had to serve as Teva CFO and to lead the Company’s finance organization and I am confident that Teva has the financial strength and capabilities to ensure its growth and success."
Mr. McClellan was appointed Teva's CFO in November 2017 after serving as Senior Vice President and Interim Group Chief Financial Officer from July 2017. From 2015 to November 2017, Mr. McClellan served as Senior Vice President and CFO, Global Specialty Medicines.
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) has been developing and producing medicines to improve people’s lives for more than a century. We are a global leader in generic and specialty medicines with a portfolio consisting of over 3,500 products in nearly every therapeutic area. Around 200 million people around the world take a Teva medicine every day, and are served by one of the largest and most complex supply chains in the pharmaceutical industry. Along with our established presence in generics, we have significant innovative research and operations supporting our growing portfolio of specialty and biopharmaceutical products. Learn more at www.tevapharm.com.