Roche appoints Lufthansa CEO as Chairman

|About: Roche Holding Ltd ADR (RHHBY)|By:, SA News Editor

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)