Takeda hire indicates broad change

Share this article:

Takeda's new president is getting attention. The company announced last week that it named former GSK-er Chris Weber CEO. The New York Times noted in its coverage that appointing a French citizen is in line with a trend among Japanese companies to look abroad for hires, and Bloomberg noted Wednesday that Weber not only lacks Takeda experience, but is also the first non-Japanese executive to lead the company.

Weber is expected to be named CEO in April, when Yasuchika Hasegawa leaves. Robert Dujarric of the Institute of Contemporary Asian Studies at Temple University told Bloomberg that the unique hire has a benefit beyond just being different. “A guy who's not from Takeda, whether he's Japanese or foreign, can much more easily fire people, restructure and close businesses,” he said.

Share this article:
close

Next Article in Business Briefs

Email Newsletters

More in Business Briefs

Novartis apologizes for slow reporting

Novartis is apologizing to Japan after the Ministry of Health, Labor and Welfare said the company had dragged its feet reporting adverse events for two of its cancer drugs.

J&J pulls morcellator from market

The company is calling the move a withdrawal, as opposed to a recall.

Pfizer buys two Baxter vaccines

The meningitis and encephalitis medications earned a combined $300 million last year.