Long-term incumbent Dr Roy Vagelos will retire from his role as chairman of US biotech Regeneron Pharmaceuticals’ (Nasdaq: REGN) board of directors and will not stand for re-election.
Dr Vagelos has served as chairman since January 1995 and will complete his current term through the conclusion of the Annual Meeting on June 9, 2023.
Effective after that, the board plans to appoint Dr Leonard Schleifer and Dr George Yancopoulos, as co-chairmen, in addition to their roles as president and chief executive and president and chief scientific officer, respectively.
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