AstraZeneca happy with Mondher Mahjoubi's 'equally brilliant' replacement
News that AstraZeneca (LSE: AZN) was losing the experienced head of one its focus areas caused a slight share price wobble on Monday – but the company is confident that his shoes will be ably filled.
The Anglo-Swedish pharma major is losing Mondher Mahjoubi, its head of oncology, at the end of the month as he becomes chief executive of promising French biotech Innate Pharma (Euronext Paris: IPH), which is actually a partner of AstraZeneca in immuno-oncology.
A major reason for Dr Mahjoubi’s move is that it will enable him to be closer to his family in France, AstraZeneca has underlined. In a statement sent via email, the company also showed confidence in his replacement.
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