Executive appointments at GSK
UK drug major GlaxoSmithKline says that David Stout, current president of pharmaceuticals, is to step down in February, while chief executive-designate Andrew Witty and Chris Viebacher, president of US pharmaceutical operations, have been named as executive directors, effective January 31, 2008. Mr Viebacher is reportedly set to receive a L2.0 million ($4.1 million) retention package to keep him at the firm after he, and Mr Stout, missed out in the race to be CEO (Marketletters passim).
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