Drugmaker Gilead Sciences Inc appoints Daniel O’Day as its CEO

Daniel O’Day is likely to joint Gilead Sciences sometime in 2019; a formal date has not been set.

According to a source familiar with the matter at hand, Gilead Sciences Inc, a drugmaker, will appoint Roche Holding AG’s Daniel O’Day as its new chief executive officer.

The announcement of could come as early as sometime today.

So far Gilead Sciences has not disclosed when O’Day, currently Roche Pharmaceuticals’ CEO, will assume his role in the company.

The development comes nearly after four months after Gilead’s reported that its CEO John Milligan and Chairman John Martin would be stepping down from their respective roles at the end of 2019.

Martin, who preceded Milligan as Gilead CEO, said he planned to leave the board when a new CEO joins the company.

Following the announcement of their departures in July, as of Friday’s close, Gilead’s shares were down by around 14%.

Advertisements


Categories: Creativity, Entrepreneurship, HR & Organization, Strategy

Tags: , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: