real-time news and commentary for investors
Monday, Sep 16
Roche appoints Lufthansa CEO as Chairman
- Roche (RHHBY.OB) has nominated Deutsche Lufthansa (DLAKF.PK) CEO Christoph Franz to become non-executive Chairman to replace Franz Humer, with a shareholder meeting to confirm the appointment due on March 4.
- Franz will officially leave his job at the German airline when his contract expires in May.
- His tasks include ensuring that Roche overcomes the impact of a patent cliff and possibly to decide whether the Swiss drugs maker should purchase the stake held in the firm by rival Novartis. (PR)