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Director Appointments

Hikma's US CEO to retire

26 June 2017 08:07

Hikma Pharmaceuticals has announced the planned retirement of the chief executive of its US business, Michael Raya.

Hikma has also announced organisational changes to the US business (West Ward Pharmaceuticals) as well as a number of senior leadership changes and appointments to reflect its enhanced US market positioning and to better align with the global Hikma organisation.

Hikma said that Raya would retire at the end of this year having led the US business for more than 25 years. Hikma said that from 1 July, the US business would be organised into two entities - a US generics division and a US injectables division - both of which would report into the chairman and CEO, Said Darwazah.

Brian Hoffmann has been promoted to president of the US generics division.

Hikma said that Hoffmann had a wealth of experience in strategy, business development, M&A and marketing and since joining West-Ward/Hikma in 2009, he had been instrumental in the growth of the US business.

Riad Mishlawi has been promoted to the role of CEO of the injectables division and would be responsible for all injectable operations globally, including the newly formed US injectables division.

Hikma said he brought both breadth and depth to this role, having worked with the company since 1990 and having led the injectables division through a period of rapid growth.

Hikma said Raya would continue to have oversight of the US business, working closely with the team for the rest of the year to transition the business.

At 8:07am: (LON:HIK) Hikma Pharmaceuticals PLC share price was -0.5p at 1589.5p

Story provided by StockMarketWire.com

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