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8 months ago

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Breakingviews - Lonza's CEO churn adds to company's ailments

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Breakingviews - Lonza's CEO churn adds to company's ailments

Lonza's new broom will face even more challenges than its old one. On Monday, the $38 billion manufacturer of drug ingredients said Chief Executive Pierre-Alain Ruffieux will leave the Swiss company and be replaced by Chairman Albert Baehny until a successor is found. A 10% share price slump suggests investors worry that his exit makes it more likely the group's new targets, due later this year, will disappoint.

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Breakingviews - Lonza's CEO churn adds to company's ailments

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Breakingviews - Lonza's CEO churn adds to company's ailments

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