logo
Plus   Neg
Share
Email

Pfizer Names CEO Albert Bourla To Succeed Ian Read As Chairman - Quick Facts

Pfizer Inc. (PFE) announced Friday that its Board of Directors has unanimously elected Chief Executive Officer Dr. Albert Bourla to succeed Ian Read as Chairman of the Board of Directors, effective January 1, 2020. Read has chosen to retire on December 31, 2019.

Bourla will also retain the CEO role, to which he succeeded Read on January 1, 2019. Previously, he served as chief operating officer from on January 1, 2018 and led Pfizer's Innovative Health business prior to that. In January 2014, he became the group president of the Vaccines, Oncology and Consumer Healthcare business unit.

Read retires form Pfizer after serving the company for the past 41 years. He joined Pfizer in 1978 and was named CEO in December 2010, and Chairman of the Board of Directors in December 2011.

The company said the naming of Albert as Chairman is the result of a systemic and comprehensive succession plan undertaken by the board several years ago.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Toyota Motor Corp. has invested $394 million in U.S. electric air-taxi startup Joby Aviation as lead investor in the recent $590 million Series C financing. Toyota said it is continuing to leverage emerging technologies to provide "Mobility for All" as the lead investor as part of its transformation into a mobility company. As the world is facing severe consequences of increasing carbon emissions, Microsoft has announced various plans to tackle the issue. The company aims to reduce its own carbon emissions by more than half, and to be carbon negative by 2030. This means the company will remove more carbon than it emits each year. The company further announced a new $1 billion Climate Innovation Fund. With a view to expanding its presence in France, where it has been doing business for more than 100 years, Food and beverage giant Coca-Cola Co. (KO), during the Choose France Summit, announced 1 billion euros of investments in the country over the next five years. Coca-Cola Chairman and CEO James Quincey and President Emmanuel Macron is scheduled to elaborate on the plans in September.
Follow RTT
>