logo
Plus   Neg
Share
Email

Teva Pharma Appoints Eli Kalif To Succeed Michael McClellan As CFO - Quick Facts

Israeli generic medicines producer Teva Pharmaceutical Industries Ltd. (TEVA) announced Thursday the appointment of Eli Kalif as Executive Vice President and Chief Financial Officer, effective December 22, 2019. Kalif will be based out of Teva's global headquarters in Israel.

Kalif joins Teva with broad experience in corporate and operational finance, most recently as Senior Vice President, Finance, leading the finance organization that supports the Global Operations, Components & services business at Flex Ltd. (FLEX).

"Eli brings to Teva more than 20 years of leadership roles with a proven track record in complex financial organizations, where he was responsible for leading global teams supporting multi-billion-dollar operations within a dynamic market environment," said Kre Schultz, Teva's President and CEO.

Schultz will perform the functions of CFO from the date of Michael McClellan's departure on November 8, 2019 until Kalif begins employment with the Company on December 22, 2019.

In early August, the company announced that McClellan has decided to step down from his role as CFO due to personal reasons requiring him to be located near his family.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Federal Trade Commission said it will challenge the proposed merger between two Philadelphia-area hospital systems as the deal could reduce competition, resulting in raised prices in both Philadelphia and Montgomery counties. The FTC issued an administrative complaint to block the proposed merger of Jefferson Health and Albert Einstein Healthcare Network. Step2 Co. LLC recalled about 20,500 units of Little Helper's children's grocery shopping carts for possible laceration hazard, the U.S. Consumer Product Safety Commission said in a statement. These include about 3,500 units sold in Canada. The company said the shopping cart's basket can break into sharp pieces, leading to a laceration hazard. Wendy's Co. joined the growing list of fast-food chains that are launching plant-based meat options. The fast food chain has introduced "The Plantiful," a plant-based burger, at its restaurants across Canada. Wendy's said it formulated its own recipe in-house, unlike other fast-food chains who have relied on Beyond Meat or Impossible Foods to introduce their plant-based meat alternatives.
Follow RTT
>