Stada boss Hartmut Retzlaff departs due to 'personal circumstances'
The chairman of the management board of German drugmaker Stada Arzneimittel (SAZ: Xetra) has resigned due to personal circumstances, the company has announced.
Long-serving Hartmut Retzlaff and the company agreed to go their separate ways, with reports in the German and international media stating that a long-term illness had been cited as the reason for his absence since early June.
The resignation takes effect immediately, though Mr Retzlaff, who had led the company since 1993, is to receive severance as well as his salary until the end of this year.
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