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-0.000216029379995636 -0.000216029379995636 -0.0034564700799308 -0.0017282350399654 0.00928926333981421 0.00216029379995682 0.0118816158997625 0.00972132209980564
Stock impact report

Sanofi ousts CEO Hudson after stalled turnaround at vaccine giant [CNBC]

Sanofi - American Depositary Shares (SNY) 
US:NYSE Investor Relations: sanofi.com/en/investors
Company Research Source: CNBC
Adam Galici | CNBC French drugmaker Sanofi ousted CEO Paul Hudson on Thursday, ending a six-year tenure marked by a stalled drive to replace blockbuster drugs going off ?patent and rising pressure from U.S. anti-vaccine policy ?and rhetoric. The company said it had ?appointed Belén Garijo, the head of German drugmaker Merck KGaA , as new chief executive, adding that the 65-year-old Spanish executive would take over in late April. Sanofi shares fell nearly 6% on Thursday, with some analysts pointing to Garijo's relatively low profile. “It is fair to say that Belen would not have been on many shortlists as potential successor ?given ?at Merck KGaA she arguably never reached the profile of prior executives there”, brokerage Jefferies ?analysts said in a note. Hudson, 58, who was pushed out only two months before his tenure was up for renewal, did not respond to a Reuters request for comment. He had admitted on a call with analysts late last month that his plans had not moved as Show less Read more
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