Swedish Orphan Biovitrum’s ceo Geoffrey McDonough will leave the company to the summer, specifically July 1, 2017. It is clear from a press release.
the Recruitment of his successor has begun.
“given the increased activity and greater focus for our business in Europe, the board has decided that Sobi needs a president with more continuous presence in Stockholm. Geoffrey, with Boston as a base, is not prepared to meet this requirement”, says Sobis chairman of the board Håkan Björklund according to the press release.
Håkan Björklund also says that Geoffrey McDonough ceo has created “tremendous value” and that the company under his leadership has become a “prominent biotechnology companies”.
“the Company is now entering a period of strong growth and new opportunities that will benefit from the local leadership,” says Geoffrey McDonough himself in a comment according to the press release from the company.
the Company will hold a conference call for investors and analysts on Monday at 12:30.
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