Gilead promotes COO John Milligan to CEO; chief executive John Martin named executive chairman
Gilead Sciences Inc (Nasdaq: GILD) on Friday said chief operating officer John Milligan will be promoted to chief executive, replacing the current chairman and CEO John Martin who will take on the role of executive chairman, both effective March 10, 2016.
John Cogan, Gilead's lead independent director, said: "John Martin has led Gilead as CEO for the past 20 years, and under his stewardship, the company has developed and delivered therapeutic advancements to millions of people around the world. His legacy is clear - and the vision he has set will continue with his contributions as executive chairman."
John Martin joined Gilead in 1990 and was appointed chief executive in 1996 and chairman in 2008. John Milligan also joined Gilead in 1990 and was appointed chief operating officer in 2007.
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