Takeda Consumer Healthcare president to step down

8 March 2018

The president of Japanese drugmaker Takeda’s (TYO: 4502) consumer healthcare business, Masashi Sugimoto, is to step down after a year in the role.

Japanese press reports that Mr Sugimoto will resign at the end of the month, to be replaced provisionally by current chairman Yasuhiro Fukutomi.

Takeda announced in 2016 that it was spinning out its consumer healthcare division into a separate wholly-owned subsidiary, with the aim of expanding the business. The company started trading in April last year.

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