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AstraZeneca names David R Brennan as new CEO | newratings.com

AstraZeneca names David R Brennan as new CEO

NEW YORK, July 29 (newratings.com) – London-based drug maker AstraZeneca (GS7.FSE) announced on Thursday that David R Brennan, who heads the company's North American operations, would be the CEO from January 1, 2006.

AstraZeneca had recently announced that the current CEO, Tom McKillop, would leave next year. Tom McKillop's departure sparked speculations in the market that AstraZeneca was a potential acquisition target, especially for GlaxoSmithKline (GSK-GBX). AstraZeneca's share price rose 5.6% to 2480p on Thursday on the news of the appointment of the new CEO and the company's Q2 results, which were ahead of the consensus forecasts. Several analysts said that Brennan has the tough task of addressing the company's long-term growth-related issues.


AstraZeneca names David R Brennan as new CEO | newratings.com: "AstraZeneca names David R Brennan as new CEO"

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