GSK shares fall on news that vaccines boss will retire
Shares in British drugmaker GlaxoSmithKline (LON: GSK) fell some 2.35% in Tuesday trading, on the news that the company's vaccines boss, Moncef Slauoi, is to retire in June 2017.
Shares opened at $40.23 on the NYSE, before falling to a low of $39.80. The stock closed at $40.05.
Slauoi, also a former head of research and development, is to give up his seat on the board even sooner, leaving this post in March 2017, while continuing to serve as an advisor to the company and its board in the intervening three months until his retirement.
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