Help wanted: New CEO to run Gilead as John Milligan steps down
Gilead $GILD CEO John Milligan is out.
In a completely unexpected announcement, the big biotech company reported right after the market close Wednesday evening that Milligan will remain in his position until the end of the year, as the board looks for his successor.
He’s stepping down, but Milligan clearly has another career chapter in mind.
“It has been an honor to work at Gilead for my entire professional career and, now that the company is on solid footing for the future, the Board and I have agreed it is a good time to turn the reins over to a new leader,” said Milligan in a statement. “I’m looking forward to a well-deserved break and will then move on to new and different opportunities.”
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