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Home Industry News Wyeth elects new chief executive

Wyeth elects new chief executive

2nd October 2007

Wyeth has announced the election of a new president and chief executive officer, with Bernard Poussot winning the appointment to the role. He will assume the responsibilities of the position from the start of 2008.

The firm has reported that current chairman and chief executive officer Robert Essner will retain both roles until the end of the year, while remaining in the former position for a transitory period.

Mr Poussot was first employed at Wyeth in 1986, being promoted to president of its worldwide pharmaceutical business in 1997, before rising to the position of executive vice-president with responsibility for research and development in 2002.

After this, he was promoted to vice-chairman and president in April 2006 before additionally assuming the role of chief operating officer in January 2007.

Mr Essner said: “The election of Mr Poussot is a result of the company’s ongoing succession management process that has been an important focus of the Wyeth board of directors and management.”

He added that Mr Poussot is sufficiently qualified for the position of chief executive, while the firm has constructed a superior management team to support him in this role.

Last week, Wyeth announced the election of Robert M Amen to its board of directors, with this appointment effective from the start of this month.

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