Ab­bott Lab­o­ra­to­ries CEO Miles White pass­es ba­ton down to suc­ces­sor; Lon­za CEO Marc Funk hits the ex­it

Ab­bott Lab­o­ra­to­ries has named a suc­ces­sor to CEO Miles White af­ter he an­nounced that he was step­ping down in March af­ter 21 years of ser­vice. Robert Ford, the com­pa­ny’s COO and pres­i­dent, will take the helm. Ford is known for his work in the $25 bil­lion merg­er be­tween St. Jude Med­ical in­to Ab­bott in Jan­u­ary 2017. White will re­main with the com­pa­ny as ex­ec­u­tive chair­man of the board. 

→ Af­ter snap­ping up No­var­tis’ Swiss fa­cil­i­ty, No­var­tis Cen­ter of Ex­cel­lence, in Ju­ly, Lon­za has an­nounced that their CEO, Marc Funk, is hit­ting the ex­it for “per­son­al rea­sons.” Funk has been the CEO of the com­pa­ny for less than a year — brought on­to the com­pa­ny back in March. In the mean­time, chair­man Al­bert Baehny will serve as in­ter­im CEO. 

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