Executive changes at Phytopharm
Richard Dixey, co-founder of UK-based pharmaceutical development and functional food company Phytopharm, is stepping down as chief executive and board director. He is succeeded by Daryl Rees, now chief operating officer. Additionally, Phytopharm has appointed Piers Morgan as chief financial officer and board director. He was formerly CFO of France's BioAlliance. A spokesman for Phytopharm told the Marketletter that Dr Dixey still owns around 15% of the company, but has no current intention to sell any shares, with a commitment not to do so for six months.
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