How Sanofi got rid of its chief exec
Chris Viehbacher was fired at a dawn board meeting, with the 'mess in Brazil' cited as one of the reasons
Paris
CHRIS Viehbacher speaks plainly. "We had somewhat of a mess in Brazil, so that's why I decided to change management," he told financial analysts in August 2013.
Fifteen months later, he has gone the same way as the Brazilian employees he sacked so decisively - fired as chief executive of French drugmaker Sanofi at a dawn board meeting, with the "mess in Brazil" cited as one of the reasons.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Starbucks points to weaker consumer as profit falls
Restaurant Brands tops estimates as Burger King overhaul pays off
Walmart to shut all health centers in US over lack of profitability
Coca-Cola raises annual sales forecast on global demand, higher prices
Dying salmon trouble Norway’s vast fish-farm industry
Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too