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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)
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