Lundbeck announces appointment of new finance head

Lundbeck revealed this week that it has appointed a new vice-president of group finance within its ranks.

The firm announced that Peter Vekslund will take up the post and assume responsibility for streamlining the organisation’s financial processes, such as accounts and financial control, planning and reporting.

Mr Vekslund, who joined Lundbeck in 2005, has operated its financial workflows for the past four years and also launched the company’s first financial management development programme.

“Peter has been standard bearer in streamlining Lundbeck’s financial procedures,” said Anders Gotzsche, executive vice-president and chief financial officer at the organisation.

He added: “This has led to integration and better harmonisation between internal and external reporting, as well as between short-term and long-term financial planning.”

Earlier this month, Lundbeck and Teva revealed their intentions to penetrate Europe’s fifth-largest pharmaceutical market by releasing the treatment Azilect (rasagiline) in France.