US biotech major Celgene Corp (Nasdaq: CELG) says that its president and chief operating officer (COO), Jacqualyn (Jackie) Fouse, has decided to retire from Celgene effective June 30, 2017.
She will continue to serve in her current posts until April 1, and through June 30, she will serve as a strategic advisor to the management team. Dr Fouse will not stand for re-election to the Celgene Board of Directors at the upcoming Annual Meeting in June.
The company also announced the promotion of Scott Smith to president and COO, effective April 1, 2017, and the promotion of Terrie Curran to president, Global Inflammation & Immunology (I&I) franchise, effective April 1, 2017.
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