Saunders agrees to management shake-up at Allergan, after he has gone
Botox (onabotulinumtoxinA) manufacturer Allergan (NYSE: AGN) has accepted calls to shake up its management structure, agreeing to create a new position to stand alongside the chief executive at the time of the next leadership change.
The company gave notice of the change via its yearly proxy statement, filed with the US Securities and Exchange Commission (SEC).
Amid criticism from investors over the company’s strategy, chief executive Brent Saunders has fought off pressure to make any immediate changes to senior management.
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