AstraZeneca happy with Mondher Mahjoubi's 'equally brilliant' replacement

21 December 2016

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.

This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Try before you buy

Free

7 day trial access

Take a Free Trial

All the news that moves the needle in pharma and biotech
Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
Receive The Pharma Letter daily news bulletin, free forever.

Become a subscriber

£820

Or £77 per month

Subscribe Now

Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
Daily roundup of key events in pharma and biotech.
Monthly in-depth briefings on Boardroom appointments and M&A news.
Choose from a cost-effective annual package or a flexible monthly subscription

The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK